7 Hrs
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الاقتصادية
Jareer: Q4 Profits Likely to Rise
The article focused on Jarir Marketing Company's performance and its growth expectations for the fourth quarter of the year. Its Chairman confirmed that the launch of new products, especially from Apple, significantly contributes to the company's results, with good growth anticipated despite the difficulty in pinpointing an exact percentage. He pointed out that reducing discounts was a response to current market conditions and not a permanent strategic approach, emphasizing that there are no concerns about a decline in demand or product inventory. He also mentioned that the 30% increase in computer costs negatively impacted sector sales, although Jarir's sales increased by 7.8%, and the average customer expenditure rose by 6%.
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