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SANAD records net income of $10.05 million at the end of 2017

2018-02-18

According to the financial statements of Sanad Construction Resources  SANAD for the  year 2017, Net profit after tax of the period reached 10,054,957 USD Compared with Net profit after tax 2,337,926 USD for 2016, a net increase in profit of 330.08%.Total assets of the company reached 147,189,457 USD compared with total assets of 91,258,269 USD at the end of year 2016, a net increase of 61.29%.Total liabilities of the company reached 58,432,097 USD compared with total liabilities of 26,977,049 USD at the end of year 2016, a net increase of 116.59%. Net ownership equity of the company reached 88,757,360 USD (Including Non-Controlling Interests of 3,180,073 USD) compared with total owner equity of 64,281,220 USD (Including Non-Controlling Interests of 1,957,969 USD) at the end of year 2016, a net increase of 38.08%.Noting that paid-in capital increased from 60,000,000 USD in year 2016 to 66,000,000 USD of this year,a net increase of 10.00%