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FINANCIAL NEWS
Saudi Jarir net profit up 25.5 percent in Q4
07 Jan 2015
(MENAFN) Jarir Marketing, Saudi Arabia’s second-largest listed retailer by market value announced it has registered a 25.5 percent increase in its net profit during the October-December period of 2014, Gulf Business reported.
During 2014’s fourth quarter, the retailer said that it has recorded a net profit of USD53.5 million in compared to USD42.61 million in the same period a year earlier.
The company said that estimated turnover in the fourth quarter of 2014 was USD420.82 million, increasing by 20 percent in comparison with the corresponding period of 2013.
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