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SANAD posts net income of $0.15 million in Q1 2021

2021-06-13

According to the financial statements of Sanad Construction and Resources Company SANAD for the 1st Quarter of 2021, Net profit after tax of the period reached 150,327 USD Compared with Net Loss after tax (1,755,772) USD for 2020.Total assets of the company reached 135,138,762 USD compared with total assets of 142,930,900 USD at the end of year 2020, a net decrease of 5.45%.Total liabilities of the company reached 92,741,036 USD compared with total liabilities of 100,705,538 USD at the end of year 2020, a net decrease of 7.90%. Net ownership equity of the company reached 42,397,726 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 42,225,362 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2020, a net increase of 0.41%.