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SANAD posts net income of $1.44 million in Q1 2018

2018-05-02

According to the financial statements of Sanad Construction Resources SANAD for the first quarter of 2018Net profit after tax of the period reached 1,444,686 USD Compared with Net profit after tax 3,020,342 USD for 2017, a net decrease in profit of 52.17%.Total assets of the company reached 163,912,722 USD compared with total assets of 141,619,073 USD at the end of year 2017, a net increase of 15.74%.Total liabilities of the company reached 74,084,578 USD compared with total liabilities of 53,235,615 USD at the end of year 2017, a net increase of 39.16%. Net ownership equity of the company reached 89,828,144 USD (Including Non-Controlling Interests of 3,048,720 USD) compared with total owner equity of 88,383,458 USD (Including Non-Controlling Interests of 2,941,008 USD) at the end of year 2017, a net increase of 1.63%.