Maharah’s net profit rises 22% in FY2019

16/03/2020 Argaam Exclusive

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Maharah Human Resources Co.'s net profit after Zakat and tax rose 22% year-on-year (YoY) to SAR 272.1 million for the fiscal year 2019.



Financials (M)

Item 2018 2019 Change‬
Revenues 1,351.92 1,512.30 11.9 %
Gross Income 298.38 379.81 27.3 %
Operating Income 228.12 303.93 33.2 %
Net Income 222.25 272.09 22.4 %
Average Shares 475.00 475.00 -
EPS (Riyals) 0.47 0.57 22.4 %

The higher profit was attributed to a 12% rise in revenue and 27% jump in gross profit. General and administrative expenses (G&A), however, rose by SAR 2.7 million

 

In Q4 2019, the company’s net profit after Zakat and tax increased by 40% year-on-year (YoY) to SAR 66 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 343.12 385.83 12.4 %
Gross Income 76.13 106.84 40.3 %
Operating Income 54.02 85.20 57.7 %
Net Income 47.30 65.95 39.5 %
Average Shares 475.00 475.00 -
EPS (Riyals) 0.10 0.14 39.5 %

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