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SANAD reports net income of $3.51 million in H1 2018

2018-08-28

According to the financial statements of Sanad Constructions Resources SANAD for the first half of 2018, Net profit after tax of the period reached 3,514,271 USD Compared with Net profit after tax 6,009,860 USD for 2017, a net decrease in profit of 41.52%.Total assets of the company reached 171,305,307 USD compared with total assets of 141,619,073 USD at the end of year 2017, a net increase of 20.96%.Total liabilities of the company reached 83,948,123 USD compared with total liabilities of 53,235,615 USD at the end of year 2017, a net increase of 57.69%. Net ownership equity of the company reached 87,357,184 USD (Including Non-Controlling Interests of 3,859,403 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 decrease of 1.16%.Noting that paid-in capital increased from 66,000,000 USD in year 2017 to 69,300,000 USD of this year,a net increase of 5.00%