Riyadh – Mubasher: Maharah Human Resources Company saw a 22.43% hike in net profits after zakat and tax to SAR 272.09 million in 2019, compared to SAR 222.25 million in 2018.
The rise in net profits is attributed to an increase in the company’s consolidated net income attributable to the shareholders by 22%, according to the company’s annual financial results for 2019.
Meanwhile, the company’s sales went up by 11.86% to SAR 1.512 billion last year from SAR 1.351 billion in 2018, while revenues and gross profit grew by 12% and 27%, respectively.
The earnings per share (EPS) stood at SAR 7.26 in 2019, versus SAR 5.93 during the earlier year.
It is noteworthy to mention that during the third quarter of 2019, the company’s profits climbed by 15.58% year-on-year (YoY) to SAR 80.1 million from SAR 69.3 million during the same quarter of 2018.
