Saudi: Jarir’s estimated profits slide 2% in 2022

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The Tadawul-listed firm witnessed an annual rise of 3.34% in revenue

Staff Writer, Mubasher

January 31, 2023

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Riyadh – The net profits after Zakat and tax of Jarir Marketing Company (Jarir Bookstores) declined by 2.23% to SAR 969.80 million in 2022, compared to SAR 991.90 million a year earlier.

The Tadawul-listed firm witnessed an annual rise of 3.34% in revenue to SAR 9.39 billion in 2022, versus SAR 9.08 billion, according to the estimated income statements.

Earnings per share (EPS) retreated to SAR 8.08 during the January-December 2022 period from SAR 8.27 in 2021.

In the first nine months (9M) of 2022, Jarir achieved a net profit after Zakat and tax worth SAR 702.20 million, down 3.73% year-on-year (YoY) from SAR 729.40 million.

Revenues edged up by 0.65% to SAR 6.81 billion in 9M-22 from SAR 6.77 billion in 9M-21, whereas the EPS decreased to SAR 5.85 from SAR 6.08.

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