Riyadh – Mubasher: Maharah Human Resources Company disclosed its interim financial results for the second quarter of 2019.

Net profits after zakat and tax jumped by 25% to SAR 71.99 million in Q2-19, compared to SAR 57.59 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

Advanced net profits were attributed to the increase in revenues due to the growth in the corporate sector by 12% and maintaining revenue from Individual sector lead by revenue increase in Khidmah program by 21% compared with the same quarter of the previous year.

The Saudi-based firm generated SAR 367.2 million in revenues, up 8.7% from SAR 337.5 million in the same period of the prior year.

For the first half of 2019, net profits advanced by 19.3% to SAR 126.01 million, versus SAR 105.61 million in H1-18.

Total revenues went up 11.3% year-on-year to SAR 740.1 million during the first six months of 2019.

Profit per share recorded SAR 3.36 by the end of June, compared to SAR 2.82 in the same period a year earlier.