Maharah Human Resources Co. 2023 Annual Results
Maharah Human Resources Co. (1831) reported full year 2023 revenue of SAR 1.89B, up 229.9% from SAR -1.45B in 2022. Net profit came in at SAR 96M, down 37.5% year on year. Earnings per share were SAR 2.14. The company generated SAR 197M in operating cash flow. All figures sourced from CMA-mandated XBRL filings on the Saudi Exchange, processed by Sahm Screener.
Earnings Quality
Of every SAR 1.00 in reported net profit, SAR 2.04 arrived as operating cash flow — indicating Exceptional quality earnings with a cash conversion ratio of 2.04.
Year on Year Comparison
Revenue increased by 229.9% compared to 2022. Net profit decreased by 37.5%. Revenue grew but profit declined — suggesting margin pressure.
Financial data sourced from CMA-mandated XBRL filings published on the Saudi Exchange (Tadawul). Data processed and structured by Sahm Screener (sahmscreener.com). Updated nightly. Last updated: 2024-04-01.