Maharah Human Resources Q2 profit jumps 45.6% to SAR 51.1 mln

Maharah Human Resources Company reported a 45.6% increase in its second-quarter net profit, reaching SAR 51.1 million, up from SAR 35.1 million in the same period last year, according to preliminary financial results announced on Thursday.

Operating profit for the quarter rose 31.8% to SAR 42.3 million, compared to SAR 32.1 million in Q2 2023. Total equity, excluding non-controlling interests, slightly declined by 0.394% to SAR 635.5 million in the first half of 2024, down from SAR 638.1 million in the same period last year.

Earnings per share for the current period increased to SAR 0.22, compared to SAR 0.15 in the corresponding period last year.