Jarir’s e-platform makes up 23% of Q2 sales, 4 showrooms eyed by year-end: Al-Agil

Jarir Marketing Co.’s (JMC) e-sales accounted for 23% of total sales in Q2 2020, when a curfew was imposed across the Kingdom, rising six times when compared to the year-earlier period, chairman Muhammad Al-Agil told Argaam in an exclusive on Thursday.

“Jarir will continue to improve its e-platform to boost sales,” Al-Agil said.

Speaking of the value-added tax (VAT) impact on Jarir, the chairman said ahead of VAT implementation, footfall was lower but purchases were higher, expecting more challenges to sales and costs going forward.

Jarir is expected to post positive results this year. The company will also pursue expansions by opening three or four branches by the end of this year, Al-Agil concluded.

The bookstore operator reported a net profit after Zakat and tax of SAR 460.1 million for H1 2020, a rise of 14.2% year-on-year (YoY), Argaam reported.