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JARIR MARKETING CO ANNOUNCES THE ESTIMATED FINANCIAL RESULTS FOR THE PERIOD ENDING ON 30-06-2018 (SIX MONTHS)

JARIR 4190 -1.68% 15.20 -0.26
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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