Riyadh – Mubasher: Jarir Marketing Co. said that as an exception to its usual practice, it will not announce the estimated financial results of the first quarter of 2017 early.
The announcement of the results will be postponed until the issuance of the related financial statements and the auditor's review report thereon, according to a bourse filing on Sunday.
The company noted that these statements are the first to be prepared in accordance with International Financial Reporting Standards (IFRS).
Jarir will resume the early announcement of the estimated quarterly financial results as of Q2-17, the statement said.
The Saudi-listed firm reported a 3.46% year-on-year growth to SAR 215.3 million in the Q4-16, compared to SAR 208.1 million in the year-ago period.
