Q1 figures confirming our negative outlook for 2016
Jarir posted a Q1 2016 net profit in decline by 29.5% to SAR174.1m. The operating profit amounted to SAR163.7m, a drop of 32.7% compared to the same quarter of the previous year. The company posted a sales decrease of 25.8%, down to SAR1,417.4, as Sales of electronics, such as smart phones, computers and computers supplies, declined compared to the same quarter last year.
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