Ubhar Capital says Jarir's Q3 net profit matches estimates

15/10/2024 Argaam
A Jarir showroom

A Jarir showroom

Jarir Marketing Co.’s Q3 2024 net profit of SAR 308 million was in line with Ubhar Capital’s estimates of SAR 309 million, the brokerage said in a report.

 

For analyst estimates

 

The retailer’s financial performance in Q2 and Q3 2024 shows it is focusing on achieving profitable growth going forward, it added.

 

Ubhar Capital placed an "Accumulate" rating for the stock, reiterating its target price at SAR 19.20.

Ubhar Capital - Jarir Marketing (14/10/2024)

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