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![TMCNet: Jarir net profit jumps 10.5% [Arab News (Saudi Arabia)]](http://images.tmcnet.com/siteart/invisible.gif)
Jarir net profit jumps 10.5% [Arab News (Saudi Arabia)]
(Arab News (Saudi Arabia) Via Acquire Media NewsEdge) RIYADH: Jarir Marketing Company (JMC) has announced its estimated interim financial results for the period ending Dec. 31, 2012, according to Tadawul website.
For the fourth quarter ended Dec. 31, 2012, Jarir achieved an estimated net profit of SR 137.9 million, an increase of 10.5 percent compared to the same period last year SR 124.8 million, and a decrease of 14.2 percent compared to the 3rd quarter 2012 SR 160.7 million.
The estimated gross profit for the fourth quarter ended Dec. 31, 2012 amounted to SR 173.2 million, an increase of 8.8 percent compared to the same period last year SR 159.2 million.
The estimated operating income for the fourth quarter ended Dec. 31, 2012 amounted to SR 135 million, an increase of 9.8 percent compared to the same period last year SR 122.9 million.
The estimated net profit for the twelve months ended Dec. 31, 2012 is SR 569.8 million, an increase of 11.1 percent compared to the same period last year SR 513 million.
The estimated earnings per share (EPS) for the twelve months ended Dec. 31, 2012, amounted to SR 9.50 compared to SR 8.55 for the same period last year .
The estimated gross profit during the twelve months is SR 694.1 million, an increase of 9.5 percent compared to the same period last year SR 633.6 million.
The estimated operating income during the twelve months is SR 562 million, an increase of 11 percent compared to the same period last year SR 506.5 million.
The reason for the rise in the estimated net profit for the fourth quarter and for the twelve months of year 2012 compared to the same periods last year was due to the increase in the sales of all sections ( specially smart phones), as well as the increase of Jarir showrooms from 30 to 32 during this year.
The drop in the estimated net profit for the 4th quarter compared to the 3rd quarter of this year was due to the seasonal nature of the sales, as the Back To School Season was included in the third quarter of this year .
The estimated turnover for the fourth quarter ended Dec. 31, 2012 amounted to SR 1.18 billion, an increase of 15.4 percent compared to the same period last year SR 1.02 billion. While the estimated turnover for the twelve months amounted to SR 4.63 billion, an increase of 11.7 percent compared to the same period last year SR 4.15 million due to the increase in the sales of all sections (specially smart phones), as well as the increase of Jarir showrooms from 30 to 32 during this year.
(c) 2012 Arab News All rights reserved. Provided by Syndigate.info an Albawaba.com company
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