11250

JARIR MARKETING CO ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDING ON 31-12-2016 (TWELVE MONTHS)

ELEMENT

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

% CHANGE CURRENT

PREVIOUS QUARTER

% CHANGE PREVIOUS

NET PROFIT (LOSS)

215.3

208.1

3.46

220

-2.14

GROSS PROFIT (LOSS)

244.8

243.7

0.45

252.7

-3.13

OPERATIONAL PROFIT (LOSS)

210.1

197.9

6.16

214.9

-2.23

ELEMENT

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

% CHANGE

NET PROFIT (LOSS)

737.9

828.5

-10.94

GROSS PROFIT (LOSS)

875

972

-9.98

OPERATIONAL PROFIT (LOSS)

704.7

808.7

-12.86

EARNING OR LOSS PER SHARE, RIYALS

8.2

9.21

 -

All figures are in (Millions) Saudi Arabia Riyals

Element & Explanation

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

due to increase in
-  Sales of electronic section mainly smart phones.
-  Number of showrooms from 40 to 45.
and due to decrease in
-  Selling & Distribution expenses

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

due to decrease in
-  Retail sales of computers, computer supplies, video games and office supplies as compared with the same period last year in which the bonus of The Custodian of Two Holy Mosques was granted
-  Wholesale segment, since part of the school second term season of the last year fell in the fourth quarter of the last year instead of first quarter of current year due to change in school calendar
-  Sales of most of the sections pertaining to corporate sales segment
and increase in
-  Selling & Distribution expenses
-  General & Administration expenses

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

-  change in sales mix and market share enhancement activities
-  decrease in net other Income

OTHER NOTES

 The turnover for the quarter ended 31st December, 2016 amounted to SR 1,793.5 m an increase of 17.7% compared to the same quarter last year SR 1,524.1 m

 The turnover for the year ended 31st December, 2016 amounted to SR 6,122.6 m a decrease of 4.0% compared to the same period last year SR 6,375.4 m

 The total shareholder's equity (no minority interest) as of 31st December, 2016 amounted to SR 1,529.5 m an increase of 1.7% as compared to the total shareholder's equity (no minority interest) of SR 1,503.6 m as of 31st December, 2015

 Shareholder's equity as of 31st December 2016 was negatively impacted by the foreign exchange difference at SR 73.0 m, arising on translating the foreign subsidiaries, and which mainly resulted from the flotation of the Egyptian Pound that took place in the current quarter. Five new showrooms were opened during the year, while the sixth showroom was not opened due to the delayed handover by the lessor.