Maharah for Human Resources Second Quarter 2024 Earnings: EPS: ر.س0.11 (vs ر.س0.078 in 2Q 2023)

Maharah for Human Resources (TADAWUL:1831) Second Quarter 2024 Results

Key Financial Results

• Revenue: ر.س537.1m (up 16% from 2Q 2023).
• Net income: ر.س51.1m (up 46% from 2Q 2023).
• Profit margin: 9.5% (up from 7.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: ر.س0.11 (up from ر.س0.078 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Maharah for Human Resources Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Professional Services industry in Asia.

Performance of the market in Saudi Arabia.

The company's shares are up 2.6% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Maharah for Human Resources (1 doesn't sit too well with us!) that you should be aware of.

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