Solidere's audited financial statements for 2017, show a loss of $116 million, a sharp decline from the $75 million in profits it posted in 2016.
Solidere's numbers, released Wednesday, resemble those of 2015, when losses were almost the same.
Total revenues dropped 75 percent to $68 million. This decline is mainly due to the lack of land sales. In 2016, land sales reached $203 million from 11 transactions.
Property rent revenues rose seven percent to $60 million. Revenues...
Article details
No comments:
Post a Comment