Jarir Marketing Company, listed on the Saudi market, recorded a 9.8 percent increase in its net profit in the second quarter of this year.
The company said in a statement on the Saudi stock exchange Tadawul that it achieved 171.1 million riyals ($45.62 million) in the second quarter, compared to 155.8 million riyals a year earlier.
Net profit in the first half of the year amounted to 390.4 million riyals, compared to 403.5 million riyals in the same period last year.
Jarir Company's statement attributed the increase in net profits to an 8.8 percent increase in sales, despite an increase in sales and marketing expenses and an increase in general and administrative expenses.
