International Bank turns profitable with 2.13 million riyals in the third quarter
The International Human Resources Company turned profitable in the third quarter of 2025 with 2.13 million riyals, compared to losses of 2.5 million riyals in the same quarter of last year.
According to the company’s statement on the website "Saudi Arabia trading"The increase in net profit was driven by the direct impact of revenue growth and improved operational efficiency.
This significant increase is due to the decrease in some non-recurring expenses that were present in the comparative period, such as expenses for establishing intangible assets.
The net profit for the current quarter decreased by 19.14% compared to the previous quarter of the current year. This is due to the increase in operational costs for new projects and also to the capitalization of intangible assets and the resulting losses. Depreciations.
The company achieved a significant increase in net income for the current period (9 months) by an increase of 832% compared to the same period of the previous year, and this increase is due to the following reasons:
– An increase in the company’s revenues by 78.91% compared to the same period of the previous year.
– An increase in the total profit for the current period by an increase of 832%, which is a large percentage compared to the same similar period of the previous year.
/>This significant increase is mainly due to a decrease in some non-recurring expenses that were present in the comparative period, such as expenses for establishing intangible assets.
The total profit increased in the following sectors: (Manpower Support Services Sector – Employment Sector, Consulting Services Sector) as a result of the increase in demand in these sectors.
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