Riyadh – Mubasher: Maharah Human Resources Company logged a net profit after Zakat and tax of SAR 70.03 million in the first half (H1) of 2021, lower by 34.3% than SAR 106.68 million in H1-20.

Revenues decreased by 13% to SAR 644.23 million in H1-21 from SAR 742.24 million in H1-20, according to the financial results on Monday.

Earnings per share amounted to SAR 1.87 in the January-June 2021 period, compared to SAR 2.84 in H1-20.

As for the second quarter (Q2) of 2021, Maharah posted an annual decline of 21.6% in net profits to SAR 38.71 million from SAR 49.42 million in Q2-20.

Revenues narrowed by 8.4% to SAR 322.62 million in Q1-21 from SAR 352.49 million in Q1-20.

On a quarterly basis, the net profits in Q2-21 were 23.5% higher than SAR 31.32 million in Q1-21, and the revenues increased by 0.3% from SAR 321.61 million.