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SANAD reports net income of $0.21 million in Q1 2019

2019-05-02

According to the financial statements of Sanad Construction Resources Company SANAD for the 1st Quarter of 2019, Net profit after tax of the period reached 211,233 USD Compared with Net profit after tax 1,444,686 USD for 2018, a net decrease in profit of 85.38%.Total assets of the company reached 188,780,596 USD compared with total assets of 178,485,320 USD at the end of year 2018, a net increase of 5.77%.Total liabilities of the company reached 107,627,108 USD compared with total liabilities of 97,543,065 USD at the end of year 2018, a net increase of 10.33%. Net ownership equity of the company reached 81,153,488 USD (Including Non-Controlling Interests of 3,793,998 USD) compared with total owner equity of 80,942,255 USD (Including Non-Controlling Interests of 3,640,086 USD) at the end of year 2018, a net increase of 0.26%.