Riyadh - Mubasher: Lazurde Company for Jewelry generated 72.93% year-on-year (YoY) lower net profits attributable to the shareholder at SAR 3.60 million in the first quarter (Q1) of 2026.
The quarterly earnings were compared with SAR 13.30 million in Q1-25, according to the interim financial results.
Sales hiked by 43.41% to SAR 1.03 billion as of 31 March 2026 from SAR 721.20 million in Q1-25, driven by performance improvement and the surge in global gold prices
The earnings per share (EPS) declined to SAR 0.06 in the first three months (3M) of 2026 from SAR 0.23 during the same period in 2025.
Quarterly, Lazurde turned profitable against net losses valued at SAR 25.40 million in Q4-25, while the revenues surged by 64.01% from SAR 630.60 million.
The jewelry manufacturer recorded 37.76% YoY higher sales at SAR 2.90 billion in 2025.
