Riyadh – Mubasher: Maharah Human Resources Company registered a drop of 34.8% in net profits during the year 2020 to SAR 177.32 million.
The decline in the firm's annual net earnings was due to a decrease in revenues and gross profits by 6% and 30%, respectively, and a rise in marketing expenses by 37%, according to a bourse statement on Monday.
Revenues were SAR 1.4 billion during 2020, compared with SAR 1.5 billion in 2019.
Source: Mubasher
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