JARIR MARKETING CO ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-06-2018 (SIX MONTHS)
Element | Current quarter | Similar quarter for previous year | % Change current | Previous quarter | % Change previous |
---|---|---|---|---|---|
Net profit (loss) | 162.6 | 147.8 | 10.01 | 219.1 | -25.79 |
Gross profit (loss) | 212.5 | 192.7 | 10.28 | 242.7 | -12.44 |
Operational profit (loss) | 156.4 | 133.2 | 17.42 | 210 | -25.52 |
All figures are in (Millions) Saudi Arabia, Riyals |
Element | Current period | Similar period for previous year | % Change |
---|---|---|---|
Net profit (loss) | 381.7 | 369.2 | 3.39 |
Gross profit (loss) | 455.2 | 440.1 | 3.43 |
Operational profit (loss) | 366.5 | 346.2 | 5.86 |
Earning or loss per share, Riyals | 1.81 | 1.64 | - |
All figures are in (Millions) Saudi Arabia, Riyals |
Element | EXPLAINATION |
---|---|
Reasons of increase (decrease) for quarter compared with same quarter last year | The increase in net profit is due to: - increase in retail sales of electronics section driven by smart phones sales and video games sections. - relative improvement of profit margins of some sections due to the continuing improvement in products management. |
Reasons of increase (decrease) for period compared with same period last year | The increase in net profit is due to: - relative improvement of profit margins of most sections due to the continuing improvement in products management. - decrease of selling & distribution expenses. - decrease of general & administration expenses. |
Reasons of increase (decrease) for quarter compared with previous quarter | despite sales increase compared to previous quarter, gross profit and accordingly net profit declined due to the change in sales mix. - The previous quarter sales comprised more weight of the relatively high profitable sections compared to the current quarter. - increase in selling & distribution expenses. - increase in general & administration expenses. - decrease of non operating income. |
Other notes | - Estimated turnover for the current quarter amounted to SR 1,693.3 m an increase of 6.8% compared to the same quarter last year SR 1584.8 m. - - Total estimated comprehensive income for the current quarter amounted to SR 162.6 m an increase of 10.0% compared to the same quarter last year SR 147.8 m and a decrease of 25.8% compared to the previous quarter SR 219.1 m. - - Total estimated comprehensive income for the current period amounted to SR 381.7 m an increase of 3.4% compared to the same period last year SR 369.2 m. - - Total estimated shareholder's equity (no minority interest) as of 30th June, 2018 amounted to SR 1,562.2 m an increase of 5.7% as compared to SR 1,477.8 m as of 30th June, 2017. - - Two new showrooms were opened during the period one was on 1/1/2018 and the other was on 28/2/2018. |
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