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


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.