The profits of Maharah Human Resources Company decreased by 34.83% to reach 177.32 million riyals in 2020, compared to 272.09 million riyals in 2019.
According to Arabia Net, the company said in a statement that the reason for the decline in profits is due to the decrease in the company's revenues by 6% compared to the previous year, as the revenues of the business and individual sectors decreased by 5% and 9%, respectively, compared to the previous year, as a result of the decrease in the average number of the workforce and the effects The consequences of the spread of the Corona pandemic and the precautionary measures taken by the government, including the temporary suspension during the second quarter of the (Hourly Domestic Workers) service program.
She also attributed this to a decrease in the gross profit for the fiscal year 2020 by 30% as a result of the decrease in revenues and bearing some additional costs for the application of social distancing standards and many precautionary measures, despite the decrease in recruitment costs and visas as a result of stopping the arrival of the workforce by constantly suspending international flights with some source countries.
