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Saudi's Jarir profit rises 28%

Saudi Arabia's largest stationery and bookseller by market value, Jarir Marketing Co has said its fourth- quarter profit rose by 28% to SR102m ($27.2m) from SR80m a year earlier, as sales increased and the company added stores, Bloomberg has reported. The number of outlets rose to 27 from 24 in 2009 as the company expanded in Saudi Arabia and the Gulf. Jarir plans to add stores in Riyadh, Mecca and Kuwait this year and have 40 outlets by the end of 2013.

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