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الاقتصادية
Lazurde profits rise with gold gains
Lazurde Jewelry Company experienced a shift to operational profitability in the second quarter of 2026, recording a profit of 12.7 million SAR after losses of 1.7 million SAR in the same period last year. Its net losses decreased to 5.2 million SAR from 25.8 million SAR, while its revenues increased to 887.1 million SAR compared to 659.6 million SAR, supported by a 21% growth in wholesale sales and a rise in global gold prices. Retail sales accounted for about half of the company's revenues, with e-commerce sales growing by 9% in the first half of the year.
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