Jarir Marketing Co. announces the estimated financial results for the period ending on 30-06-2017 (Six Months)
| Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
| Net profit (loss) | 147.8 | 126.5 | 16.84 | 221.4 | -33.24 |
| Gross profit (loss) | 192.7 | 162.8 | 18.37 | 247.4 | -22.11 |
| Operational profit (loss) | 133.2 | 116.2 | 14.63 | 212.9 | -37.44 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element | Current period | Similar period for previous year | % Change |
| Net profit (loss) | 369.2 | 301.4 | 22.5 |
| Gross profit (loss) | 440.1 | 377.5 | 16.58 |
| Operational profit (loss) | 346.2 | 282.9 | 22.38 |
| Earning or loss per share, Riyals | 4.1 | 3.35 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element | EXPLAINATION |
| Reasons of increase (decrease) for quarter compared with same quarter last year | Due to - increase in retail sales of smart phones which is partly due to increased market share. - increase in number of retail showrooms from 42 to 47. - relative improvement of profit margins of some sections. |
| Reasons of increase (decrease) for period compared with same period last year | Due to increase in -Retail sales of smart phones which is partly due to increased market share. -Wholesale segment mainly due to the school second term season as compared to the same period last year which missed part of season as it fell in the fourth quarter of the preceding year due to change in school calendar . -Number of retail showrooms from 42 to 47. And decrease in -Non operating expenses. |
| Reasons of increase (decrease) for quarter compared with previous quarter | Due to decrease in -Retail sales of all the sections except electronics and video games. -wholesale segment as compared to the previous quarter which included the school second term season. And due to increase in -Selling & Distribution expenses. -General & Administration expenses. |
| Reclassifications in quarterly financial results | -Items of the presented periods of last year have been derecognized, recognized, remeasured and reclassified to comply with the current accounting policies consistent with IFRS. |
| Other notes | -The estimated turnover for the quarter ended 30th June, 2017 amounted to SR 1,584.8 m an increase of 14.0% compared to the same quarter last year SR 1,390.7 m. -The estimated turnover for the period ended 30th June, 2017 amounted to SR 3,289.8 m an increase of 17.1% compared to the same period last year SR 2,808.2 m. -Total estimated comprehensive income for the quarter ended 30th June, 2017 amounted to SR 147.8 m an increase of 16.8% compared to the same quarter last year SR 126.5 m and a decrease of 33.3% compared to the previous quarter SR 221.4 m. -Total estimated comprehensive income for the period ended 30th June, 2017 amounted to SR 369.2 m an increase of 22.5% compared to the same period last year SR 301.4 m. -The estimated total shareholder's equity (no minority interest) as of 30th June, 2017 amounted to SR 1,477.8 m an increase of 2.2% as compared to SR 1,446.5 m as of 30th June, 2016. -The net profit for this quarter includes non operating income of SR 7.4 m resulting from insurance compensation -The interim condensed consolidated financial statements for the quarter and period ended 30th June, 2017 are interim financial statements for part of year covered by the first IFRS annual financial statements. -Two new showrooms were opened during the period one dated 30/1/2017 and the other at 9/2/2017. |