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SANAD realizes net loss of $5.03 million in 2023

2024-03-18

According to the financial statements of Sanad Construction Resources SANAD for the year 2023, Net Loss after tax of the period reached (5,031,424) USD Compared with Net Loss after tax (2,778,295) USD for 2022, a net increase in loss of 81.10%.Total assets of the company reached 73,180,238 USD compared with total assets of 96,372,861 USD at the end of year 2022, a net decrease of 24.07%.Total liabilities of the company reached 25,975,401 USD compared with total liabilities of 44,136,600 USD at the end of year 2022, a net decrease of 41.14%. Net ownership equity of the company reached 47,204,837 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 decrease of 9.63%.