Jarir Marketing Co. announces its Estimated Financial results for the period ending on 2018-09-30 ( Nine Months )

ELEMENT LIST

CURRENT QUARTER

SIMILAR QUARTER FOR PREVIOUS YEAR

% CHANGE

PREVIOUS QUARTER

% CHANGE

Sales/Revenue

1,932.1

1,651.8

16.969

1,693.3

14.102

Total Profit (Loss)

338.6

290.7

16.477

212.5

59.341

Profit (Loss) Operational

285.1

242.4

17.615

156.4

82.289

Net Profit (Loss) after Zakat and Tax

288

246.5

16.835

162.6

77.121

Total Comprehensive Income

288

246.5

16.835

162.6

77.121

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT

CURRENT PERIOD

SIMILAR PERIOD FOR PREVIOUS YEAR

% CHANGE

Sales/Revenue

5,224.8

4,941.5

5.733

Total Profit (Loss)

793.8

730.8

8.62

Profit (Loss) Operational

651.6

588.6

10.703

Net Profit (Loss) after Zakat and Tax

669.7

615.7

8.77

Total Comprehensive Income

669.7

615.7

8.77

Total Share Holders Equity (after deducting minority equity)

1,688.2

1,593.8

5.922

Profit (Loss) per Share

7.4

6.8

 

All figures are in (Millions) Saudi Arabia, Riyals

ELEMENT

EXPLAINATION

Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year

Reason for increase to Increase in sales of most of sections particularly electronics section driven by smart phones sales. Increased number of showrooms from 49 to 53 partly contributed to increased retail sales.

Reason for increase (decrease) in net profit for current quarter compared to the previous quarter

:Reason for increase to

- Increase in sales of most of section boosted by back to school season

- Improved profit margin as a result of the change in sales mix

- Decrease in selling & marketing expenses

Reason for increase (decrease) in net profit for current period compared to the similar period of the previous year

:Reason for increase to

- Increase in sales of some retail sections particularly electronics section driven by smart phone sales and video games section. Increased number of showrooms from 49 to 53 partly contributed to increased retail sales.

- Relative improvement of profit margins of some sections due to the continuing improvement in products management.

- Decrease of selling & marketing .expenses

Type of the external auditor's opinion

Unmodified opinion

External auditor's report containing reservation

These estimated financial results for the period ended September 30, 2018 are prepared by the management of the Company and these results are not reviewed by the external auditors.

Reclassifications in quarter financial result

Certain comparative figures of the prior period have been reclassified to conform with the presentation of the current period.

Additional Information

Three new showrooms were opened during the period on 1/1/2018, .28/2/2018 and 15/8/2018