The financial statements of Jarir Marketing Company showed an increase in the company's profits in the first half of this year by 14.2% compared to the profits for the same period last year.
According to the company's results for the Saudi market (Tadawul) today, Tuesday, the profits for the period amounted to 460.1 million riyals, compared to the profits of the first half of last year amounting to 402.8 million riyals.
p>
The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in sales of some retail departments, especially the computer division, the computer supplies division, and most of the wholesale departments.
p>
Some elements of operating costs have also decreased as a result of government initiatives to mitigate the effects of the emerging corona virus (Covid 19) pandemic, such as the Monetary Agency's initiative to bear fees for POS operations and e-commerce .
The company achieved profits of 208.4 million riyals in the second quarter of this year, compared to profits of 169.1 million riyals for the same period last year, an increase of 23.2%. / p>
The company’s board of directors recommended, in its meeting held yesterday, Monday, to distribute 17% cash dividends for the first half of the current year by 1.7 riyals per share, and a total amount of 204 million Real.
The company clarified that the date of eligibility for profits is on the 17th of this August, while the date of distribution is on the 26th of the same month.
(Amazon Fun Knowledge)
