Jarir Marketing Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
| Sales/Revenue | 2,530.4 | 2,340.2 | 8.127 | 2,553.8 | -0.916 |
| Gross Profit (Loss) | 337.6 | 327.5 | 3.083 | 363 | -6.997 |
| Operational Profit (Loss) | 285.5 | 272.3 | 4.847 | 326.7 | -12.61 |
| Net Profit (Loss) after Zakat and Tax | 267.6 | 251.7 | 6.317 | 287.7 | -6.986 |
| Total Comprehensive Income | 267.4 | 252.9 | 5.733 | 288.8 | -7.409 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,710.6 | 1,634 | 4.687 |
| Profit (Loss) per Share | 2.23 | 2.1 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT LIST | EXPLANATION |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Reasons for increase: - Although sales have been negatively affected by the drop in sales of school and office supplies sections due to shift from the traditional education format to the remote learning to control the spread of coronavirus pandemic, but the increase in sales of several retail sections particularly smart phones and computers drove the total sales up 8.1%. Despite the unfavorable sales mix resulted from decreased sales of school and office supplies sections but the relatively improved profit margin of several sections largely reduced the impact of unfavorable sales mix. - Decrease in general and administrative expenses. - Decrease in finance costs. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is | Reasons for decrease Decrease in sales of certain retail sections especially the video games and computer supplies sections, and the relative decrease in gross profit margins of certain sections as compared to the previous quarter. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | None |
| Reclassification of Comparison Items | None |
| Additional Information | A new showroom was opened during the period on 7/3/2021, and a showroom was closed on 1/2/2021 of which a replacement showroom was opened end of the prior year. |
| Quorum for Convening the General Assembly's Meeting | According to Article (30) of the Articles of Association of the Company, The Ordinary General Assembly Meeting shall be held in the presence of shareholders representing quarter of the company's capital. If the quorum is not required to hold this meeting, the second meeting will be held an hour after the end of the period specified for the first meeting, and the second meeting will be valid whatever the number of shares represented in it. |