Jarir Marketing Co. (JMC) reported a net profit after Zakat and tax of SAR 251.7 million for Q1 2020, a rise of 7.7% year-on-year (YoY), driven by higher sales across all segments, particularly electronics.
Moreover, the increased number of showrooms to 60 from 56 also contributed to the profit rise.
When compared to the previous quarter, Jarir’s net profit after Zakat declined 9.1%, hit by lower retail sales in some segments, particularly electronics as compared to the previous quarter which was positively impacted by the new launches of smart phones.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 1,886.64 | 2,340.22 | 24.0 % |
| Gross Income | 302.14 | 327.46 | 8.4 % |
| Operating Income | 248.14 | 264.51 | 6.6 % |
| Net Income | 233.69 | 251.69 | 7.7 % |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.19 | 0.21 | 7.7 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 2,394.06 | 2,340.22 | (2.2 %) |
| Gross Income | 348.00 | 327.46 | (5.9 %) |
| Operating Income | 280.44 | 264.51 | (5.7 %) |
| Net Income | 276.94 | 251.69 | (9.1 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.23 | 0.21 | (9.1 %) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}