Riyadh – Mubasher: The financial statements of Jarir Marketing on Thursday revealed a 16.84% growth in net profits for the second quarter of 2017, whereas quarter-on-quarter the profits slid 33.24%.
The Saudi firm achieved SAR 147.8 million in Q2-17, compared to SAR 126.5 million in Q2-16, according to a filing to the Saudi Stock Exchange (Tadawul).
The Tadawul-listed company attributed the increase in profits to the rise in the retail department’s electronics section on the back of growth in smart phones sales, and due to the increase in retail showrooms to 47 from 42.
