L’azurde records losses during Q3 of 7.2 million riyals

L’azurde Jewelry Company recorded a net loss during the third quarter of 7.2 million riyals compared to a profit of 24.6 million riyals in the same quarter last year, following the announcement today of the preliminary financial results for the period ending September 30, 2024 (nine months).

The operating profit amounted to 16.9 million riyals in the third quarter compared to 25.7 million riyals in the same quarter of the previous year, a decrease of 34.2%.

The company’s net profit during the 9-month period amounted to 24.8 million riyals compared to 43.5 million riyals in the same period last year, a decrease of 42.9%.

The earnings per share in the current period reached 0.43 riyals compared to 0.76 riyals in the same period last year.