VOL. XL No. 1728-April-1997


Solidere's Announces $59Mn Net Profit In 1996

Solidere, the Lebanese private sector company which is rebuilding centralBeirut, has reported an 82.3% increase in net profit to $58.9mn in 1996 from$32.3mn in 1995 and has recommended the distribution of $45mn in dividends toshareholders at the rate of $0.25 per share whose nominal value is $10. Thecompany's total revenue in 1996 increased 63% to $70.9mn and total expenditurerose 7.1% to $12mn. Total assets in...