Latest news with #Lazurde
Zawya
a day ago
- Business
- Zawya
Saudi: Lazurde turns to $3.3mln losses in H1-25
Lazurde Company for Jewelry suffered net losses worth SAR 12.50 million in the first six months (6M) of 2025, against net profits of SAR 32 million in 6M-24. Meanwhile, the sales hit SAR 1.38 billion in the first half (H1) of 2025, an annual surge of 32.37% from SAR 1.04 billion, according to the financial results. Loss per share amounted to SAR 0.22 as of 30 June 2025, versus earnings per share (EPS) of SAR 0.56 in H1-24. Results for Q2 In the second quarter (Q2) of 2025, the company incurred net losses valued at SAR 25.80 million, compared to net profits of SAR 4 million in Q2-24. Revenues hiked by 28.95% to SAR 659.60 million in Q2-25 from SAR 511.50 million in April-June 2024. Quarterly, Lazurde swung to net losses in Q2-25 compared to net profits of SAR 13.30 million in Q1-25, while the revenues declined by 8.54% from SAR 721.20 million. As of 31 December 2024, Lazurde registered 62.01% year-on-year (YoY) lower net profits at SAR 11.70 million, compared with SAR 30.80 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Positive operational results for L'azurde, supported by growth in sales and store expansion in H1 of 2025
Riyadh, KSA: 'L'azurde Company for Jewelry', the leading jewelry designer, manufacturer, distributor, and retailer in the Middle East, announced its interim financial results for the first half of 2025. Demonstrating outstanding operational performance, L'azurde reflects the strength of its brand and robust expansion strategy. During the first half, the company achieved operating revenues of SAR 278.2 million, a 11.4% increase compared to the same period last year, driven by strong performance across various markets, particularly in the retail sector as it increased by 17.3% compared to the same period of last year due to growth in the like-for-like stores of the existing stores and the extension of the store's network. 'L'azurde' recorded a gross profit of SAR 123.3 million during the first half of 2025, confirming the company's continued commitment to maintaining stable profit margins that reflect its operational efficiency and ability to create value. This growth was a direct result of the company's success in boosting sales at existing stores and opening new ones in strategic locations. Despite the positive operational performance and the stability of the net profit before one-off items, net profit of this period was affected by exceptional, non-recurring items for its operation in Saudi Arabia. The company has taken the necessary measures to address them. During the last 12 months, 'L'azurde' continues with its expansion plan with the opening of 13 new stores (7 in Saudi Arabia and 6 in Egypt), contributing to strengthening its regional presence and increasing its market share in its main markets. The company confirmed that the results during the first half of 2025 reflect the continued momentum of its core operations, despite challenges that reflected on the net profit. It affirmed commitment to implementing best operational practices and strengthening the governance and oversight system, which will contribute to improving operational efficiency and enhancing profitability in the future. 'L'azurde' expressed optimism about the continued upward trend in revenues and its work on developing its current operating model. It stressed that ongoing improvements in retail performance and smart market expansion, along with the focus on high-value products and branding, will support positive and sustainable results in the coming periods.
Zawya
2 days ago
- Business
- Zawya
Positive operational results for L'azurde
Riyadh, KSA: 'L'azurde Company for Jewelry', the leading jewelry designer, manufacturer, distributor, and retailer in the Middle East, announced its interim financial results for the first half of 2025. Demonstrating outstanding operational performance, L'azurde reflects the strength of its brand and robust expansion strategy. During the first half, the company achieved operating revenues of SAR 278.2 million, a 11.4% increase compared to the same period last year, driven by strong performance across various markets, particularly in the retail sector as it increased by 17.3% compared to the same period of last year due to growth in the like-for-like stores of the existing stores and the extension of the store's network. 'L'azurde' recorded a gross profit of SAR 123.3 million during the first half of 2025, confirming the company's continued commitment to maintaining stable profit margins that reflect its operational efficiency and ability to create value. This growth was a direct result of the company's success in boosting sales at existing stores and opening new ones in strategic locations. Despite the positive operational performance and the stability of the net profit before one-off items, net profit of this period was affected by exceptional, non-recurring items for its operation in Saudi Arabia. The company has taken the necessary measures to address them. During the last 12 months, 'L'azurde' continues with its expansion plan with the opening of 13 new stores (7 in Saudi Arabia and 6 in Egypt), contributing to strengthening its regional presence and increasing its market share in its main markets. The company confirmed that the results during the first half of 2025 reflect the continued momentum of its core operations, despite challenges that reflected on the net profit. It affirmed commitment to implementing best operational practices and strengthening the governance and oversight system, which will contribute to improving operational efficiency and enhancing profitability in the future. 'L'azurde' expressed optimism about the continued upward trend in revenues and its work on developing its current operating model. It stressed that ongoing improvements in retail performance and smart market expansion, along with the focus on high-value products and branding, will support positive and sustainable results in the coming periods. -End-
See - Sada Elbalad
30-07-2025
- Business
- See - Sada Elbalad
10 Essential Tips to Avoid Fraud in the Gold Market
Waleed Farouk In a real-life incident that raised many questions about consumer awareness in the gold market, a citizen revealed that he was deceived while purchasing an engagement ring accompanied by a friend. According to his account, they later discovered that the invoice contained incorrect data: a 21-karat gold piece was listed as 18-karat, the wedding band had no official hallmark, and there was a discrepancy of 3 grams missing from the actual weight. In light of this incident, we present 10 essential tips aimed at protecting consumers from fraud and manipulation in the gold market. These tips are explained in a simple style to help educate non-specialist audiences: 1. Buy from a Trusted Jeweler Choose a jewelry store known for its good reputation — this is your first line of defense against scams. Try to buy from someone recommended by family or friends, but don't rely solely on trust. Follow the rest of these guidelines. 2. Monitor Price Fluctuations Gold prices change multiple times a day due to three key factors: global gold price, local dollar exchange rate, and supply and demand. Prices can shift in a matter of minutes. 3. Check the Price Yourself Use mobile apps or social media pages of reputable jewelry companies to follow gold prices. Avoid printed newspapers, which may not reflect real-time updates. 4. Don't Fall for the "Lazurde Gold is Pricier" Myth There's no price difference between brands such as Lazurde, Egypt Gold, or Damas. The price is determined by karat and weight — not the brand. Any seller claiming otherwise is misleading you. 5. Watch for Labor Charge Variations Crafting fees (making charges) vary from shop to shop and item to item. Women often excel at negotiating these charges. A dedicated article on this subject will follow. 6. Never Buy Unhallmarked Gold The official hallmark confirms both the karat and the authenticity of the piece. Issued by the Hallmark Authority, it's easily visible and shows the purity — like "875" for 21K and "750" for 18K. Unmarked items may contain incorrect karat levels or even be gold-plated copper. 7. Avoid Jewelry with Too Many Stones Some companies do not refund the value of stones upon resale, which results in a loss. It's best to purchase simpler designs whenever possible. 8. Check the Weight Yourself In the rush of engagement shopping, excess weight may be added unnoticed. Avoid paying for 'phantom grams.' Always ask for the weight to be measured in front of you. 9. Understand How Pricing Works The price of a gold piece = (gram price + labor charge + hallmarking & tax) × number of grams. Example: If 21K gold is priced at EGP 1,000 per gram, with a labor charge of EGP 100, and hallmarking and taxes of EGP 10, the total per gram is EGP 1,110. For a 3g item, the final price is EGP 3,330. 10. Ask for a Complete Tax Invoice A price tag isn't enough. The official invoice should include accurate data: karat type, weight, tax value, and gram price. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
Zawya
11-03-2025
- Business
- Zawya
Lazurde's net profits fall 62% in 2024
Riyadh: Lazurde Company for Jewelry logged net profits valued at SAR 11.70 million in 2024, an annual plunge of 62.01% from SAR 30.80 million. The Saudi firm posted 13.10% year-on-year (YoY) higher revenues at SAR 2.10 billion in 2024, compared to SAR 1.86 billion, according to the financial statements. Earnings per share (EPS) retreated to SAR 0.20 at the end of December 2024 from SAR 0.54 a year earlier. In the first nine months (9M) of 2024, Lazurde's net profits dropped by 42.98% to SAR 24.80 million from SAR 43.50 million a year earlier.
