Announced results in line with our full-year profit projections
Jarir recorded Q4 2015 consolidated sales in decrease by 3.8%, a weak organic growth compared to Q4 2014 sales, while FY 2015 total sales witnessed an 11.9% increase compared to the previous year (SAR6375.4M in 2015 Vs. SAR5,698.7 in 2014). The group posted a net profit amounting to SAR828.5M, edging up 11% compared to 2014. Thus, the net margin stood around 13%. The operational profit also increased by 11.27%, rising from SAR726.8M to SAR808.7M setting the operating margin at 12.68%.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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