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Jarir reports 10.5% jump in Q4 net profit
- Saudi Arabia: Wednesday, January 09 - 2013 at 03:34
Saudi-based bookstore chain Jarir Marketing Co (JMC) has said its net income for the fourth quarter ended December 31, 2012, has climbed 10.5% year-on-year to around SR137.9m, but was 14.2% lower than the SR160.7m recorded in the previous quarter, Arab News has reported. The estimated gross profit for the fourth quarter rose 8.8% to SR173.2m, compared with the SR159.2m reported in the same period last year. The estimated net profit for the twelve months ended December 31, 2012 jumped 11.1% to SR569.8m compared with SR513m a year ago.
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