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SANAD realizes net loss of $2.78 million in 2022

2023-02-16

According to the financial statements of Sanad Construction & Resources Company SANAD for the year 2022, Net Loss after tax of the period reached (2,778,295) USD Compared with Net Loss after tax (354,107) USD for 2021, a net increase in loss of 684.59%.Total assets of the company reached 96,412,703 USD compared with total assets of 127,669,674 USD at the end of year 2021, a net decrease of 24.48%.Total liabilities of the company reached 44,176,442 USD compared with total liabilities of 85,776,382 USD at the end of year 2021, a net decrease of 48.49%. Net ownership equity of the company reached 52,236,261 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 41,893,292 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2021, a net increase of 24.69%.Noting that paid-in capital decreased from 69,300,000 USD in year 2021 to 55,014,556 USD of this year,a net decrease of 20.61%