The net profit of Maharah Human Resources Company “Mahara” increased by 44.54% in the second quarter of 2023, to 39.3 million riyals after zakat and tax, compared to profits of 27.19 million riyals in the corresponding quarter of 2022.
On a quarterly basis, Maharah’s profits increased in the second quarter of 2023 by 7.76%, compared to a net profit of about 36.47 million riyals in the first quarter of 2023.
The company said in a statement on “Tadawul Saudi Arabia”, today, Monday, that the increase in profits in the second quarter of 2023, on an annual basis, is due to the increase in the company’s revenues by 13% on an annual basis, in addition to the achievement of associate companies whose acquisitions were completed during the quarter. Third of the previous year, profits amounted to 14.3 million riyals during the current quarter.
The company’s profits increased in the first half of 2023, by 45.68%, to 75.77 million riyals after zakat and tax, compared to a net profit of 52.01 million riyals in the comparative half a year ago.