Maharah 9M 2022 net profit rises 8% to SAR 113.9 mln; Q3 at SAR 61.9 mln

06/11/2022 Argaam Exclusive

View other reports

Maharah Human Resources Co. posted a net profit after Zakat and tax of SAR 113.9 million for the nine-month period ended Sept. 30, 2022, a rise of 8% from SAR 105.7 million in the year-earlier period.

The profit growth was driven by a 25% revenue rise. In addition, the 9M 2022 financials contained an equity stake from the newly acquired companies during Q3 2022, namely Care shield Holding and Saudi Medical Systems Co. as income from investment in associates amounting to SAR 35 million.

The firm also cited a rise in income from investment in financial instruments through profit or loss by SAR 2.5 million compared to the previous quarter.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	969.06	1,200.81	23.9 %
Gross Income	163.31	163.44	0.1 %
Operating Income	111.75	83.15	(25.6 %)
Net Income	105.66	113.94	7.8 %
Average Shares	475.00	475.00	-
EPS (Riyals)	0.22	0.24	7.8 %

In Q3 2022, net profit after Zakat and tax leapt 74% to SAR 61.9 million from SAR 35.63 million a year earlier, mainly due to higher revenues.

On a sequential basis, Q3 2022 net profit more than doubled from SAR 27.19 million.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	324.83	416.28	28.2 %
Gross Income	54.29	58.37	7.5 %
Operating Income	36.31	30.02	(17.3 %)
Net Income	35.63	61.93	73.8 %
Average Shares	475.00	475.00	-
EPS (Riyals)	0.08	0.13	73.8 %

Item	Q2 2022	Q3 2022	Change‬
Revenues	409.29	416.28	1.7 %
Gross Income	56.05	58.37	4.1 %
Operating Income	30.19	30.02	(0.5 %)
Net Income	27.19	61.93	127.8 %
Average Shares	475.00	475.00	-
EPS (Riyals)	0.06	0.13	127.8 %

Shareholders’ equity, after minority interest, amounted to SAR 561.24 million at the end of the nine-month period, from SAR 530.98 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.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

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

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.

×