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SANAD posts net income of $0.58 million in 2021

2022-02-16

According to the financial statements of Sanad Construction Resources SANAD for the year 2021, Net profit after tax of the period reached 576,751 USD Compared with Net Loss after tax (9,676,687) USD for 2020.Total assets of the company reached 127,420,665 USD compared with total assets of 142,930,900 USD at the end of year 2020, a net decrease of 10.85%.Total liabilities of the company reached 84,596,515 USD compared with total liabilities of 100,705,538 USD at the end of year 2020, a net decrease of 15.99%. Net ownership equity of the company reached 42,824,150 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 1.42%.