Financial Results : Maharah 2023 profit down 12% to SAR 100.2M; Q4 losses at SAR 12.5M

Maharah 2023 profit down 12% to SAR 100.2M; Q4 losses at SAR 12.5M

31/03/2024 Argaam Exclusive

View other reports

Maharah Human Resources Co. posted a net profit of SAR 100.2 million for 2023, a fall of 12% from SAR 113.5 million in 2022.



Financials (M)

Item 2022 2023 Change‬
Revenues 1,683.60 1,890.02 12.3 %
Gross Income 229.22 244.28 6.6 %
Operating Income 108.20 96.70 (10.6 %)
Net Income 113.46 100.23 (11.7 %)
Average Shares 475.00 475.00 -
Earnings Per Share before unusual items (Riyals) 0.24 0.21 (11.7 %)
EPS (Riyal) 0.24 0.21 (11.7 %)

The profit decline was attributed to lower revenue from the individual segment and facility management, logistics, and home healthcare.

 

Meanwhile, the company realized an increase in the provisions of doubtful debt and financing cost.



Current Quarter Comparison (M)

Compared With The
Item Q4 2022 Q4 2023 Change‬
Revenues 482.78 493.91 2.3 %
Gross Income 65.78 60.63 (7.8 %)
Operating Income 25.05 14.73 (41.2 %)
Net Income 4.40 12.46 182.9 %
Average Shares 475.00 475.00 -
Earnings Per Share before unusual items (Riyal) 0.01 0.03 182.9 %
EPS (Riyal) 0.01 0.03 182.9 %

In Q4 2023, the company expanded losses to SAR 12.5 million from SAR 470,000 a year earlier.

 

Maharah had reported a net profit of SAR 20.40 million in Q3 2023.

 

Shareholders’ equity, after minority interest, amounted to SAR 568.61 million at the end of the 12-month period, from SAR 558.84 million a year earlier.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.