Maharah net profit declines 45% to SAR 31.3 mln in Q1 2021

02/05/2021 Press Release

Maharah Human Resources Co.'s net profit after Zakat and tax declined 45% to SAR 31.3 million in Q1 2021 from SAR 57.3 million in the same period last year.

 

The decrease in profit was attributed to lower revenue, along with higher general and administrative expenses.

 

This was offset by improved performance of an associate company.

 

When compared to the previous quarter, the net profit after Zakat and tax rose 39% in Q1 2021.

 

The company will host an investor call on Wednesday, May 5, 2021, at 3:00 pm. To attend this event, click

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