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FINANCIAL NEWS
Saudi Jarir reports 10% increase in Q1 profit
17 Apr 2013
(MENAFN) Saudi Jarir Marketing Co announced that its net profit gained 10.1 percent in the first quarter, reaching USD48.2 million, reported Arabian Business.
The bookstore chain attributed the increase to the growing sales of electronics, mainly tablet computers and smart phones.
It added that turnover in the first 3 months of the year grew by 11.2 percent to USD354.6 million.
It is worth noting that in 2012’s same period, Jarir’s net profit stood at USD43.77 million.
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