For the third quarter ended Sept. 30, Jarir achieved estimated a net profit of SR152 million, an increase of 47.6 percent compared to the same period last year (SR103 million) and an increase of 54.2 percent compared to the 2nd quarter (SR98.6 million).

The estimated gross profit for the third quarter ended Sept. 30 amounted to SR183 million, an increase of 44 percent compared to the same period last year (SR127 million).

The estimated operating profit for the third quarter ended Sept. 30 amounted to SR150 million, an increase of 46.2 percent compared to the same period last year (SR102.6 million).

The estimated net profit for the nine months ended Sept. 30 is SR387.4 million, an increase of 30.4 percent compared to the same period last year (SR297 million).

The estimated earnings per share (EPS) for the nine months ended Sept. 30, amounted to SR9.68 compared to (SR7.43) for the same period last year.

The estimated gross profit during the nine months is SR474 million, an increase of 28.5 percent compared to the same period last year (SR369 million).

The estimated operating profit during the nine months is SR383 million, an increase of 29.8 percent compared to the same period last year (SR 295 million).

The reason for the rise in the estimated net profit for the third quarter and for the nine months over the same periods last year was due to the considerable increase in the sales of smart phones and laptops (especially Tablet PCs), in addition to the growing turnover of Jarir showrooms inside and outside Saudi Arabia, as well as the increase of Jarir branches from 28 to 30 during this year. Also, the rise in the estimated net profit for the 3rd quarter compared to the 2nd quarter of this year was due to the seasonal nature of sales, as the back-to-school season was included in the third quarter of this year.

The estimated turnover for the third quarter ended Sept. 30 amounted to SR1.208 million, an increase of 64.4 percent compared to the same period last year (SR735 million), while the estimated turnover for the nine months amounted to (SR3.122 million), an increase of 41.7 percent compared to the same period last year (SR2.203 million) due to the considerable growth in sales of smart phones and laptops, specially Tablet PCs, in addition that days of back-to-school season for Q3 of this year was longer compared to the same quarter of last year.