Jamjoom Fashion’s quarterly profits increased to 19.6 million riyals
The profits of Jamjoom Fashion Trading Company in the first quarter of the fiscal year 2025-2026 increased by 15.7% to 19.6 million riyals, compared to 16.9 million riyals in the same quarter of the previous year.
According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit year-on-year was mainly due to increased sales and a growth in the net number of stores by 5 stores.
According to the statement, the continued focus on improving store profitability and reinvesting in core stores contributed to supporting the growth in operating profits. This was further reinforced by the closure of underperforming stores as part of an ongoing review programme.
The previous quarter included seasonal events that resulted in higher costs, particularly in sales, marketing and brand development activities, reflecting typical seasonal spending patterns.
Expenditure levels in the current quarter were consistent with the usual seasonal distribution. As a result, net profit increased in the current quarter compared to the previous quarter. In addition, financing costs decreased, which contributed to improved results.
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