Saudi Arabia's Jarir Marketing posted an 11.3 percent increase in first-quarter net profit on Sunday, although slower year-on-year sales growth meant the retailer marginally missed the average view of analysts.
Jarir made 201.
Saudi Arabian retailer Jarir Marketing said on Sunday its second-quarter net profit climbed 17.9 percent on the back of increased sales, with smart phones the primary driver.
The retailer said its net profit wa
Saudi bookseller Jarir Marketing Company said its estimated fourth quarter profit jumped 21 percent on the year to 125 million riyals ($33 million) based on increased computer and technology sales, a regulatory filing said on Wednesday.
Higher sales spurred Saudi-based office supplies and electronics retailer Jarir Marketing's net profit by 10 per cent in the first-quarter, putting pressure on the firm to meet a higher growth forecast for this year.