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SANAD posts net income of $1.11 million at the end of 2018

2019-02-24

According to the financial statements of Sanad Construction Resources SANAD for the year 2018, Net profit after tax of the period reached 1,108,118 USD Compared with Net profit after tax 10,001,055 USD for 2017, a net decrease in profit of 88.92%.Total assets of the company reached 180,470,432 USD compared with total assets of 141,619,073 USD at the end of year 2017, a net increase of 27.43%.Total liabilities of the company reached 98,019,401 USD compared with total liabilities of 53,235,615 USD at the end of year 2017, a net increase of 84.12%. Net ownership equity of the company reached 82,451,031 USD (Including Non-Controlling Interests of 3,606,716 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 6.71%.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%.