Solidere, the company in charge of developing Beirut Central District (BCD), managed to turn its losses to profit in the first half of 2016, compared to the same period of last year.
The turnaround is mainly due to the sale of more plots of land.
According to Solidere's financial statement, the company recorded $72 million profit. In July 2015, Solidere had recorded around $29 million in losses.
The company has sold land worth $129 million, five times more than last year. <...
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