80 Days
Source:
الاقتصادية
Jareer’s Quarterly Profits Increase by 19.4% by Avoiding Discounts
Jarir Saudi Company for Marketing achieved a 19.4% increase in its net profits for the second quarter of the year, recording 235.6 million riyals. This growth was driven by a 24% increase in total profit and improved profit margins, with revenues rising by 7.2% to 2.77 billion riyals. The sales were concentrated mainly on smartphones and high-profit segments. The company's CEO also mentioned plans to expand further by opening seven additional stores before the end of the year, as well as developing the online platform and device exchange services, as part of its regional expansion strategy.
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