Sanad Construction Resources plc Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Sanad Construction Resources Plc announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues of $54,951,334 against $46,958,570 for the same period a year ago. Net income before tax was $1,813,748 against $3,423,115 for the same period a year ago. Net income after tax was $1,444,686 against $3,020,342 for the same period a year ago. Net comprehensive income was $1,444,686 million against $3,020,342 million for the same period a year ago. Net cash used in operating activities was $11,637,711 against $4,724,965 for the same period a year ago. Purchase of property, plant and equipment was $329,687 against $650,408 for the same period a year ago.