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SANAD posts net income of $0.13 million in 9M 2019

2019-10-31

According to the financial statements of Sanad Construction Resources Company SANAD for the first nine months of 2019, Net profit after tax of the period reached 130,917 USD Compared with Net profit after tax 3,887,114 USD for 2018, a net decrease in profit of 96.63%.Total assets of the company reached 192,022,730 USD compared with total assets of 178,485,320 USD at the end of year 2018, a net increase of 7.58%.Total liabilities of the company reached 110,949,558 USD compared with total liabilities of 97,543,065 USD at the end of year 2018, a net increase of 13.74%. Net ownership equity of the company reached 81,073,172 USD (Including Non-Controlling Interests of 3,753,270 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 0.16%.