By Mohammed Abu Meleeh

Riyadh-Mubasher: Jarir Marketing Co. (JMC) reported SAR 200.8 net earnings for Q4 2014, leaping 25.5% year-on-year from SAR 160 million but falling 1.08% quarter-on-quarter from SAR 203 million.

Accordingly, the company reported historical quarterly earnings for the third time in 2014, as it recorded SAR 201 million in Q1 2014 – the largest in the company’s history - and SAR 203 million in Q3.

In a bourse statement, Jarir ascribed the profit rise was driven by the increase in sales of all the sections, other income, rent and capital profit of Alahsha showroom, number of showrooms from 32 to 36 as well as the decrease in G&A expenses, financial charges due to reduction in loans.







Translated by Abdul Maguid Aboshahla