JARIR
4190
-1.68%
15.20
-0.26
4190
Riyadh – Mubasher: Alistithmar Capital said in a report that financial results announced by Jarir Marketing Company came in line with its estimates, up 1.1%, as it earlier forecasted SAR 413.1 million in net profits.
The profit rise was ascribed to higher sales and other revenues, in addition to a decline in banking expenses.
The research firm set the stock’s target price at SAR 221/share, with a ‘Buy’ recommendation.
Jarir earlier posted SAR 218.5 million in net profit for Q3, up 8% year-on-year from SAR 203 million.
Source:
Mubasher