Home Industry Finance Saudi Retailer Jarir Marketing Q2 Net Profit Rises 7.1% The company said the increase was due higher sales in all segments apart from computers. by Reuters July 7, 2014 Follow us Follow on Google News Follow on Facebook Follow on Instagram Follow on X Follow on LinkedIn Saudi Arabia’s Jarir Marketing posted a 7.1 per cent increase in second-quarter profit on Monday as the retailer recorded higher sales. Jarir made a net profit of SAR135.2 million ($36.1 million) in the three months to June 30, up from SAR126.2 million in the prior-year period, according to a filing to Riyadh’s bourse. The company said the increase was due higher sales in all segments apart from computers. It operated 35 stores in the second quarter, compared to 32 a year ago. Jarir’s estimated second-quarter turnover rose 2.5 per cent to SAR1.29 billion. The firm plans to open at least seven new shops this year, of which three are already operational, it said. 0 Comments