Jarir Marketing Co. announces its estimated Financial Results for the Period Ending on 2021-09-30 (Nine Months)
| ELEMENT LIST | CURRENT QUARTER | SIMILAR QUARTER FOR PREVIOUS YEAR | %CHANGE | PREVIOUS QUARTER | % CHANGE |
| Sales/Revenue | 2,224.5 | 2,037.9 | 9.156 | 2,015.3 | 10.38 |
| Gross Profit (Loss) | 344.1 | 334.5 | 2.869 | 262 | 31.335 |
| Operational Profit (Loss) | 292.6 | 274.9 | 6.438 | 205.6 | 42.315 |
| Net Profit (Loss) after Zakat and Tax | 272.5 | 255.2 | 6.778 | 189.2 | 44.027 |
| Total Comprehensive Income | 272.1 | 256.4 | 6.123 | 189.4 | 43.664 |
All figures are in (Millions) Saudi Arabia, Riyals
| ELEMENT LIST | CURRENT PERIOD | SIMILAR PERIOD FOR PREVIOUS YEAR | %CHANGE |
| Sales/Revenue | 6,770.2 | 6,752 | 0.269 |
| Gross Profit (Loss) | 943.7 | 965.7 | -2.278 |
| Operational Profit (Loss) | 783.7 | 774.2 | 1.227 |
| Net Profit (Loss) after Zakat and Tax | 729.4 | 715.3 | 1.971 |
| Total Comprehensive Income | 729 | 715.3 | 1.915 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,752.2 | 1,688.4 | 3.778 |
| Total Share Holders Equity (after Deducting Minority Equity) | 6.08 | 5.96 |
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 - Increase in sales of certain sections specially the school and office supplies and smartphones, as a result of the partial back to school season during this quarter and the launch of the new iPhone, compared to the same quarter of last year which did not include either of these two events. The increase is also attributed to the increase in the other income. |
| 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 increase - Increase in sales of certain sections specially the school and office supplies, computers and related supplies, sales performance was positively impacted by the partition back to school season during this quarter compared to the previous quarter of the current year. Despite the sales increase of 10.4%, the net profit increased by 44% due to increased profit margins resulting from the favorable change in sales mix and due to the increase in the other income. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Reasons for increase Despite the slight increase in sales during the 9 month period compared to the same period of the last year, such increase was insufficient to cover the increase in direct operating costs included in the calculation of gross profit, which decreased by 2.3%. Notwithstanding the foregoing, the net profit increased by 2% due to the decrease in general and administrative expenses, which included in the same period of the last year the voluntary contributions amounting to 25 million Riyals made by the company to support government initiatives. The increase in net profit is also attributed the decrease in selling and marketing expenses and financing cost, and the increase in other income. |
| 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 | These estimated financial results for the period ended September 30, 2021 are prepared by the management of the Company and have not yet been reviewed by the external auditor. |
| Reclassification of Comparison Items | None |
| Additional Information | Four showrooms were opened during the period on 7/3/2021, 11/4/2021, 9/5/2021 and 8/7/2021 and a showroom closed on 1/2/2021 of which a replacement showroom was opened end of the prior year. |