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SANAD realizes net loss of $5.22 million in 9M 2024

2024-11-17

According to the financial statements of Sanad Construction Resources Company SANAD for the first nine months of 2024, Net Loss after tax of the period reached (5,220,120) USD Compared with Net Loss after tax (833,779) USD for 2023, a net increase in loss of 526.08%.Total assets of the company reached 63,747,841 USD compared with total assets of 73,180,238 USD at the end of year 2023, a net decrease of 12.89%.Total liabilities of the company reached 21,763,124 USD compared with total liabilities of 25,975,401 USD at the end of year 2023, a net decrease of 16.21%. Net ownership equity of the company reached 41,984,717 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 11.06%.