International Human Resources Co. posted a rise of 24% in H1 2022 net profit after Zakat and tax to SAR 3.7 million, compared to SAR 3 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 41.41 | 39.20 | (5.3 %) |
| Gross Income | 8.90 | 8.99 | 1.1 % |
| Operating Income | 3.19 | 2.40 | (24.8 %) |
| Net Income | 3.00 | 3.72 | 23.8 % |
| Average Shares | 50.00 | 50.00 | - |
| EPS (Halala) | 6.01 | 7.43 | 23.8 % |
The higher profit was driven by lower operating expenses (OPEX) in the current period, due to the replacement of non-Saudi employees with nationals for some projects. This, in turn, reduced the government fees related to residency renewals, work licenses and transfer of sponsorship.
Shareholders equity, after minority interest, came in at SAR 22.689 million as of June 30, 2022, up from SAR 19.204 million a year earlier.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}