JARIR MARKETING CO ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2015 (TWELVE MONTHS)

ELEMENT

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

% CHANGE CURRENT

PREVIOUS QUARTER

% CHANGE PREVIOUS

NET PROFIT (LOSS)

208.1

205.8

1.12

218.5

-4.76

GROSS PROFIT (LOSS)

243.8

240.4

1.41

253.4

-3.79

OPERATIONAL PROFIT (LOSS)

197.9

192.5

2.81

216.0

-8.38

ELEMENT

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

% CHANGE

NET PROFIT (LOSS)

828.5

745.4

11.15

GROSS PROFIT (LOSS)

972.0

886.5

9.64

OPERATIONAL PROFIT (LOSS)

808.7

726.8

11.27

EARNING OR LOSS PER SHARE, RIYALS

9.21

8.28

 -

All figures are in (Millions) Saudi Arabia Riyals

ELEMENT

REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH SAME QUARTER LAST YEAR

due to increase in
-  sales of the sections involving high profit margins, with shrinkage of sales of electronics, computer and computer supplies.
-  wholesale sales since part of the second term season fell in this quarter instead of the first quarter of the next year due to a change in school calendar.
and due to decrease in
-  Selling & Distribution Expenses
-  General & Administration Expenses
-  Financial charges due to reduction in debts

REASONS OF INCREASE (DECREASE) FOR PERIOD COMPARED WITH SAME PERIOD LAST YEAR

due to increase in
-  Sales of most sections mainly smart phones
-  Other Income
-  Number of showrooms from 36 to 40
and decrease in
-  General & Administration expenses
-  Financial charges due to reduction in debts

REASONS OF INCREASE (DECREASE) FOR QUARTER COMPARED WITH PREVIOUS QUARTER

due to increase in
-  Sales of School supplies as back to school season falls in the previous quarter as well as Computers
and decrease in
-  Selling & Distribution expenses
-  General & Admin expenses
-  Selling & Distribution expenses

OTHER NOTES

 The Estimated turnover for the quarter ended 31st December, 2015 amounted to SR 1,524.1 m a decrease of 3.8% compared to the same quarter last year SR 1,584.2 m

 The Estimated turnover for the year ended 31st December, 2015 amounted to SR 6,375.4 m an increase of 11.9% compared to the last year SR 5,698.7 m

Five new showrooms (including one as replacement) were opened during the year.