Solidere achieved total audited profits of $75 million in 2016. Excluding Solidere International, profits from local operations reached $63 million.
Solidere managed to turn its losses in 2015 into profits after being able to sign 11 new sales contracts in 2016 for 73,370 square meters (m2) of built up area, at a value of $218 million, averaging $3,000 per built-up square meter. In 2015, Solidere's losses reached $119 million.
As a result of the difficulties faced by investors who ...
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