Riyadh-Mubasher: Sanad Cooperative Insurance achieved net profits, before zakat, worth SAR 395,000 ($105,326) in March, with earnings per share that reached SAR 0.02, according to an issued statement.
The company managed to shrink its accumulated losses posted in March 2015 that stood at SAR 168.69 million ($44.98 million) which represented 84.35% of the capital.
Net losses, before zakat, reached SAR 2.78 million ($741,283) by the end of the three months ended in March, with losses per share that stood at SAR 0.14.
