Earnings Report /
Saudi Arabia

Jarir: Weak Q2 results on lower margins

  • Revenue decreased by 0.2% yoy (-12.1% qoq) to SAR2.01bn, marginally lower than our estimates of SAR2.06bn

  • Gross margins contracted by 64bps yoy to 12.4%, lower than our estimates of 13.3%.

  • Net operating expenses in absolute terms stood at SAR56.8mn (+0.6% yoy) and came in-line with our estimates of SAR57.6mn

SNB Capital
17 July 2022
Published bySNB Capital

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