Jarir Marketing Co. reported a net profit after Zakat and tax of SAR 992 million for 2021, a marginal decline from SAR 1.003 billion a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 9,305.81 | 9,088.26 | (2.3 %) |
| Gross Income | 1,328.61 | 1,229.33 | (7.5 %) |
| Operating Income | 1,052.99 | 961.23 | (8.7 %) |
| Net Income | 1,002.99 | 991.86 | (1.1 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.84 | 0.83 | (1.1 %) |
The slight decrease was attributed to lower sales of certain segments, especially the computers, computer supplies, and video games being impacted by the lack of supply.
The company also reported an increase in other income, with a drop in general and administrative expenses.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 2,553.83 | 2,318.11 | (9.2 %) |
| Gross Income | 362.96 | 285.64 | (21.3 %) |
| Operating Income | 304.52 | 212.39 | (30.3 %) |
| Net Income | 287.67 | 262.48 | (8.8 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.24 | 0.22 | (8.8 %) |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 2,224.49 | 2,318.11 | 4.2 % |
| Gross Income | 344.09 | 285.64 | (17.0 %) |
| Operating Income | 275.95 | 212.39 | (23.0 %) |
| Net Income | 272.50 | 262.48 | (3.7 %) |
| Average Shares | 1,200.00 | 1,200.00 | - |
| EPS (Riyals) | 0.23 | 0.22 | (3.7 %) |
In Q4 2021, the company’s net profit after Zakat and tax dropped 9% year-on-year (YoY) to SAR 262.5 million.
On a quarterly basis, net profit decreased 3.7% from SAR 272.50 million.
Total shareholders equity, after minority interest, grew by 2.5% to SAR 1.769 billion in 2021, from SAR 1.725 million in 2020.
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