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SANAD realizes net loss of $0.44 million in H1 2019

2019-08-25

According to the financial statements of Sanad Construction Resources SANAD for the first half of 2019, Net Loss after tax of the period reached (442,266) USD Compared with Net profit after tax 3,514,271 USD for 2018.Total assets of the company reached 190,041,818 USD compared with total assets of 178,485,320 USD at the end of year 2018, a net increase of 6.47%.Total liabilities of the company reached 109,541,829 USD compared with total liabilities of 97,543,065 USD at the end of year 2018, a net increase of 12.30%. Net ownership equity of the company reached 80,499,989 USD (Including Non-Controlling Interests of 3,701,598 USD) compared with total owner equity of 80,942,255 USD (Including Non-Controlling Interests of 3,640,086 USD) at the end of year 2018, a net decrease of 0.55%.