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SANAD posts net income of $0.49 million in Q1 2023

2023-05-16

According to the financial statements of Sanad Construction Resources Company SANAD for the 1st Quarter of 2023, Net profit after tax of the period reached 491,541 USD Compared with Net Loss after tax (2,175,492) USD for 2022.Total assets of the company reached 89,863,208 USD compared with total assets of 96,372,861 USD at the end of year 2022, a net decrease of 6.75%.Total liabilities of the company reached 37,135,406 USD compared with total liabilities of 44,136,600 USD at the end of year 2022, a net decrease of 15.86%. Net ownership equity of the company reached 52,727,802 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 52,236,261 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2022, a net increase of 0.94%.