Maharah Human Resources Co. announces its Annual Financial results for the period ending on 2023-12-31

Maharah Human Resources Co. announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||1,890.02||1,683.59||12.26|

|Gross Profit (Loss)||235.71||229.22||2.83|

|Operational Profit (Loss)||94.66||108.2||-12.51|

|Net profit (Loss)||96.34||113.12||-14.83|

|Total Comprehensive Income||92.26||107.94||-14.53|

|Total Share Holders Equity (After Deducting the Minority Equity)||568.61||558.84||1.75|

|Profit (Loss) per Share||2.14||2.51|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Amount||Percentage of the capital (%)|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|All figures are in (Millions) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year|| The revenue has increased in 2023 by SR 206 million during the current year compared to previous year due to the following:

|

• The company's revenue increased by 12% compared to the previous year, supported by the improvements in revenues in some of its main sectors, including the corporate segment and hourly services segment (Khidmah), which increased by 22% and 14% respectively compared to previous year as a result of the increase in average number of workforce in those segments by 13% and 19% respectively, to match the rising demand of the offered services in those sectors and as a result of the increase in revenues recognized from the strategic contracts in the corporate segment.

• The increase in revenues was achieved in 2023 despite the impact of the revenue decrease