Solidere's audited financial statements for 2018 show a loss of $116 million, the same amount the company lost in 2017.
Total revenues dropped two percent to $66 million last year, while revenues from land sales increased to $1.2 million compared to $94,500 in 2017. Property rent revenues decreased five percent, falling to $57 million.
Solidere has succeeded in decreasing its general and administrative expenses by 12 percent. Expenses fell to $31 million, according to the statement...
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Total revenues dropped two percent to $66 million last year, while revenues from land sales increased to $1.2 million compared to $94,500 in 2017. Property rent revenues decreased five percent, falling to $57 million.
Solidere has succeeded in decreasing its general and administrative expenses by 12 percent. Expenses fell to $31 million, according to the statement...
Article details
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