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L’azurde turns profitable
L’azurde Company for Jewelry returned to profitability in the third quarter of 2026, recording net profit of SAR 1.8 million, compared with a loss of SAR 4.3 million in the same period of 2025 and a loss of SAR 5.2 million in the previous quarter. Revenue rose 14.08% to SAR 1.02 billion, supported by improved operating performance and higher gold prices. Operating profit also increased 163.27% to SAR 25.8 million. In the first nine months of the year, the company posted a profit of SAR 200,000, compared with a loss of SAR 16.8 million in the same period a year earlier.
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