International Human Resources Co.’s (IHR) 2022 net profit jumped by 75% to SAR 4.3 million from SAR 2.5 million a year earlier, on lower operational costs on the localization support programs. The company also indicated that last year results included provisions for doubtful debt at SAR 2.2 million.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 77.99 | 77.23 | (1.0 %) |
| Gross Income | 15.67 | 16.23 | 3.6 % |
| Operating Income | 3.21 | 6.74 | 109.8 % |
| Net Income | 2.46 | 4.30 | 74.9 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Halala) | 4.92 | 8.60 | 74.9 % |
Total shareholders’ equity, no minority interest, reached SAR 39.79 million by the end of 2022, compared to SAR 18.97 million a year earlier.
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