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FINANCIAL NEWS
Saudi Jarir logs USD55.4m in profits over Q4
08 Jan 2016
(MENAFN) Jarir Marketing, one of Saudi Arabia’s biggest retailers by market value, reported a 4th-quarter net profit flat to 2015, based on recent reports.
The firm generated a gross profit of USD55.4 million throughout the three months to Dec as opposed to USD54.7 over 2014’s corresponding timeframe.
Higher sales of high-margin products let alone a decrease in expenses and lower financial charges were to thank for the registered slight increase.
Jarir imports school stationeries, office supplies, computer equipment, books, technical and engineering tools for wholesale and retail markets in KSA.
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