176.2000
Change
1.2000
Change %
0.6857%
Open
175.0000
Close
176.0000
High
176.2000
Low
174.4000

Jarir Q3 profit rises 17% on stronger smartphone sales

2018-10-11 07:10:28 GMT (Economies.com)
Jarir Q3 profit rises 17% on stronger smartphone sales
 

Jarir Marketing Co. posted on Thursday a rise by 16.8% in net profit for the third quarter of 2018.

The company generated SAR 288 million net profits, compared with SAR 246.5 million in Q3-17, according to a filing sent to Tadawul.

Q3 operating profit amounted to SAR 285.1 million, up from SAR 242.4 million in year-ago period.

The bookstore operator said the rise in third-quarter profits was spurred by an increase in sales of most sectors, mainly by electronics amid stronger sales of smartphones and partially by the increase in showrooms to 53 from 49.

Similarly, net profit for the first nine months of 2018 rose 8.8% year-on-year to SAR 669.7 million, from SAR 615.7 million.

 
 
 
  Symbol Last Change Chg.%
1.1468
-0.0053
0.4643%
1.2988
-0.0084
0.6460%
14.692
0.059
0.403%
69.071
-0.210
0.303%
79.31
-0.52
0.65%
1232.000
5.295
0.432%
 
 
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