Middle East Economic Survey
Solidere Announces Net Profit In 2008 Of $214.3Mn
The Lebanese Company for the Development and Reconstruction of Beirut Central District, Solidere, said on 15 June that its full-year pretax consolidated net profit totaled $214.3mn in 2008. Consolidated net profit after tax for 2008 amounted to $182.7mn, after the deduction of an income tax of $31.6mn. Standalone net profit rose 18% year-on-year on growing revenues from land sales and...