Jarir Marketing Co. — Earnings Release 2014

Feb 5, 2015

Jarir Marketing Co announces the annual financial results for the period ending 31-12-2014

4190 · 05/02/2015 08:00:30 · Announcement #37011 · View on Saudi Exchange

Jarir Marketing Co announces the annual financial results for the period ending 31-12-2014

Element	Current year	Previous year	% Change
Net profit (loss)	745.4	653.3	14.1
Earning or loss per share, Riyals	8.28	7.26	-
Gross profit (loss)	886.5	794.4	11.59
Operational profit (loss)	726.8	648	12.16

*All figures are in (Millions) Saudi Arabia, Riyals

Element	EXPLAINATION
Reasons of annual financial results	due to increase in - Sales of all the sections except Laptops and Tablets - Other Income - Rent and Capital profit of Alahsa showroom - Number of showrooms from 32 to 36 and decrease in - Financial charges due to reduction in Loans - Zakat due to change in Zakat base.
Other notes	The turnover for the year 2014 amounted to SR 5,698.7 m an increase of 8.7% compared to the last year SR 5,242.7 m. -The increase in Net profit for the year 2014 compared to the interim financial results which was announced on 20/01/2015 on Tadawul website is due to decrease in Zakat expenses on account of change in zakat base.

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