Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

LEBANON

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...