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SANAD realizes net loss of $0.55 million in Q1 2020

2020-05-18

According to the financial statements of Sanad Construction Resources SANAD for the 1st Quarter of 2020, Net Loss after tax of the period reached (548,403) USD Compared with Net profit after tax 211,233 USD for 2019.Total assets of the company reached 195,259,724 USD compared with total assets of 198,316,741 USD at the end of year 2019, a net decrease of 1.54%.Total liabilities of the company reached 118,569,690 USD compared with total liabilities of 121,078,304 USD at the end of year 2019, a net decrease of 2.07%. Net ownership equity of the company reached 76,690,034 USD (Including Non-Controlling Interests of 849,803 USD) compared with total owner equity of 77,238,437 USD (Including Non-Controlling Interests of 872,043 USD) at the end of year 2019, a net decrease of 0.71%.