Sanad Construction Resources plc Announces Unaudited Earnings Results for the Year Ended December 31, 2017
Sanad Construction Resources Plc announced unaudited earnings results for the year ended December 31, 2017. For the year, the company reported loss from operations of USD 180,778,654 against USD 30,744,863 a year ago. Net income before tax was USD 11,815,130 compared to USD 2,762,540 a year ago. Net income after tax was USD 10,054,957 compared to USD 2,337,926 a year ago. Net cash outflow from operating activities was USD 28,406,802 compared to USD 358,477 a year ago. Purchase of property, plant and equipment was USD 5,821,244 compared to USD 8,499,142 a year ago.