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Solidere unaffected so far
- Lebanon: Thursday, August 17 - 2006 at 07:29
Solidere says Q2 2006 profit, which was not affected by the conflict in Lebanon, more than doubled to $47.3m, compared with Q2 2005, Reuters reported. Central Beirut, Solidere's main area of operation, was undamaged by the fighting. But most real estate deals have been frozen over the past month, and analysts say it is difficult to tell whether property prices have fallen.
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James McInerney, News EditorThursday, August 17 - 2006 at 07:29 UAE local time (GMT+4)
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This article was updated on Sat May 26 2007.
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