Solidere posted a loss of $87.2 million in 2015, following a profit of $113.7 million in the previous year. The loss is due to weakness in revenues from sales. Additionally, two major sales deals needed to be provisioned against, due to pending cancelation after talks for rescheduling payments had faltered. Solidere said it has created provisions of $82 million to write off those earnings for land sales concluded before 2015.
Two weeks ahead of the results announcement, FFA Private Bank ...
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