Jarir Marketing Co. announces the interim financial results for the period ending on 31-03-2018 (Three Months)
|Element||Current quarter||Similar quarter for previous year||% Change current||Previous quarter||% Change previous|
|Net profit (loss)||219.1||221.4||-1.04||251.9||-13.02|
|Gross profit (loss)||242.7||247.4||-1.9||306.4||-20.79|
|Operational profit (loss)||210||212.9||-1.36||246.2||-14.7|
|Earning or loss per share, Riyals||2.43||2.46||-||-||-|
|All figures are in (Millions) Saudi Arabia, Riyals|
|Reasons of increase (decrease) for quarter compared with same quarter last year||The decrease in net profit is due to: - Decline in wholesales which missed most of the school second term season as compared to the same quarter last year as it fell in the fourth quarter of the preceding year due to change in school calendar.
- Slight decline in certain retail sections.
|Reasons of increase (decrease) for quarter compared with previous quarter||The decrease in net profit is due to decrease in:
-Retail sales driven mainly by decline in sales of electronics and computers sections.
-Sales of wholesale segment as compared to the previous quarter which included most of the school second term season.
|Other notes||-The estimated turnover for the quarter ended 31st March, 2018 amounted to SR 1,599.4 m a decrease of 6.2% compared to the same quarter last year SR 1,705.0 m
-The estimated total comprehensive income for the quarter ended 31st March 2018 amounted to SR 219.1 m a decrease of 1.1% compared to the same quarter last year SR 221.4 m, and a decrease of 14.8 % compared to the previous quarter SR 257.2 m.
-The estimated total shareholder's equity (no minority interest) as of 31st March 2018 amounted to SR 1,845.1 m an increase of 20.8% as compared to SR 1,528.0 m as of 31st March 2017.
-Two new showrooms were opened during the quarter.
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