Archives

Home

Media Center

Financial News

07-04-14

Saudi Jarir profit up 11.3 percent in Q1

(MENAFN) Net profit of Saudi-based Jarir Marketing grew by 11.3 percent in the first quarter of the current year, according to Arab News. The company's net profit was estimated at USD53.7 million during the quarter compared to USD48.19 million during the same quarter in 2012. The figure was slightly below the expected average, which was USD55.077 million net profit for the same quarter. The growth was slower than that posted in the same quarter last year on the back of a drop of computer sales.