Middle East Economic Survey
Solidere Reports $182.2Mn Net Profit In 2009
Lebanons Solidere made a net profit of $182.2mn in 2009 after deducting $32.7mn of income tax, Beiruts Daily Star reported on 1 June. Solidere said the results reflect the companys capacity to generate profits despite the negative impact of the global financial crisis on the real estate sector in the region. Revenues generated from the sale of land reached $305mn, an increase of 19% from...