First revenue decline in 7 years
Jarir recorded Q4 2016 consolidated sales in increase by 17.7% to SAR1,793.5m vs. SAR1,524m in the same quarter last year. The group posted a net profit amounting to SAR215.3m, up 3.5% compared to Q4 2015 due to an increase in the sales of the electronic section – mainly smart phones – as well as a decline in the selling and distribution expenses.The company ended the year with a revenue decline of 4% to SAR6,123m due to a drop in retail sales of computers, computer supplies, video games and office supplies compared to the same period last year.
Jarir Marketing Company. Jarir Marketing Co SJSC is a Saudi Arabia-based joint stock company engaged in the wholesale and retail trade. The Company is active, along with its subsidiaries, in retail and wholesale trading in office and school supplies, children's toys, books, educational aids, office furniture, engineering equipment, computer and computer systems, maintenance of computers, sports and scout equipment and paper. The Company is also involved in the purchase of residential and commercial buildings, and the acquisition of land to construct buildings for sale or lease. The Company operates through 37 showrooms, including wholesale outlets in the Kingdom of Saudi Arabia and the Gulf Cooperation Council (GCC), in addition to real estate investment in the Arab Republic of Egypt. The Company's subsidiaries include United Company for Office Supplies and Stationeries WLL, Jarir Trading Company LLC, United Bookshop, Jarir Bookstore and Jarir Egypt Financial Leasing Co SAE.
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