Jarir Marketing Co.'s net profit after zakat and tax rose 3% year-on-year (YoY) to SAR 984.7 million for fiscal year 2019, due to a 14.4% rise in sales from the retail segment, boosted by an increase in the number of showrooms from 55 to 59.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 7,361.72 | 8,424.51 | 14.4 % |
| Gross Income | 1,113.82 | 1,273.17 | 14.3 % |
| Operating Income | 913.52 | 1,021.72 | 11.8 % |
| Net Income | 959.99 | 984.73 | 2.6 % |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.80 | 0.82 | 2.6 % |
However, the 2.6% profit increase is considered slight on higher selling and marketing expenses and increased non-operating expenses.
Q4 2019 net profit dropped 5% YoY to SAR 276.9 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2,136.90 | 2,394.06 | 12.0 % |
| Gross Income | 320.07 | 348.00 | 8.7 % |
| Operating Income | 261.97 | 280.44 | 7.0 % |
| Net Income | 290.31 | 276.94 | (4.6 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.24 | 0.23 | (4.6 %) |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 2,251.23 | 2,394.06 | 6.3 % |
| Gross Income | 389.14 | 348.00 | (10.6 %) |
| Operating Income | 314.68 | 280.44 | (10.9 %) |
| Net Income | 304.97 | 276.94 | (9.2 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.25 | 0.23 | (9.2 %) |
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