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SANAD realizes net loss of $2.03 million in Q1 2024

2024-06-24

According to the financial statements of Sanad Construction Resources SANAD for 1st Quarter of 2024, Net Loss after tax of the period reached (2,032,946) USD Compared with Net profit after tax 491,541 USD for 2023.Total assets of the company reached 67,801,326 USD compared with total assets of 73,180,238 USD at the end of year 2023, a net decrease of 7.35%.Total liabilities of the company reached 22,629,435 USD compared with total liabilities of 25,975,401 USD at the end of year 2023, a net decrease of 12.88%. Net ownership equity of the company reached 45,171,891 USD (Including Non-Controlling Interests of 0 USD) compared with total owner equity of 47,204,837 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2023, a net decrease of 4.31%.