FINANCIAL NEWS

Jarir quarterly profit hits USD49.65 million

07 Oct 2013

(MENAFN) As a result of the remarkable increase in its sales of office supplies and smart phones, Jarir Marketing said that its third-quarter net profit increased 15.9 percent, Arab News reported.

Its net profit for the quarter was USD49.65 million compared with USD42.84 million for the same quarter a year ago.

According to a Reuters poll which expected a profit of USD48.89 million per quarter, the result hit the average forecast of nine analysts.

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