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SANAD records net income of $3.88 million in 9M 2018

2018-11-15

According to the financial statements of Sanad Construction Resources SANAD for the first nine months of 2018, Net profit after tax of the period reached 3,887,114 USD Compared with Net profit after tax 9,356,036 USD for 2017, a net decrease in profit of 58.45%.Total assets of the company reached 185,436,576 USD compared with total assets of 141,619,073 USD at the end of year 2017, a net increase of 30.94%.Total liabilities of the company reached 97,706,549 USD compared with total liabilities of 53,235,615 USD at the end of year 2017, a net increase of 83.53%. Net ownership equity of the company reached 87,730,027 USD (Including Non-Controlling Interests of 4,101,844 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 0.74%.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%