Jarir Marketing Co. (JMC) reported a net profit of SAR 217.3 million for Q1 2025, compared with SAR 219.3 million a year earlier.
Item | Q1 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 2,649.85 | 2,720.20 | 2.7 % |
Gross Income | 294.65 | 302.70 | 2.7 % |
Operating Income | 237.50 | 235.70 | (0.8 %) |
Net Income | 219.32 | 217.30 | (0.9 %) |
Average Shares | 1,200.00 | 1,200.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.18 | 0.18 | (0.9 %) |
EPS (Riyals) | 0.18 | 0.18 | (0.9 %) |
Item | Q4 2024 | Q1 2025 | Change |
---|---|---|---|
Revenues | 2,864.45 | 2,720.20 | (5.0 %) |
Gross Income | 352.72 | 302.70 | (14.2 %) |
Operating Income | 294.30 | 235.70 | (19.9 %) |
Net Income | 275.32 | 217.30 | (21.1 %) |
Average Shares | 1,200.00 | 1,200.00 | - |
Earnings Per Share before unusual items (Riyals) | 0.23 | 0.18 | (21.1 %) |
EPS (Riyals) | 0.23 | 0.18 | (21.1 %) |
This decline was attributed to higher selling and marketing expenses.
However, sales increased by 2.7% year-on-year (YoY), driven by strong sales in certain sections, especially smartphones and after-sale services sections. The company also reported a 2.7% rise in gross profit and higher other income.
Sequentially, Q1 2025 net earnings dropped 21.1% from SAR 275.32 million in Q4 2024.
Total shareholders’ equity, no minority interest, fell to SAR 1.68 billion at the end of Q1 2025, compared with SAR 1.70 billion a year ago.
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