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Real estate giant Solidere recorded a net loss of $18.9 million in the first six months of 2017 compared to a profit of $72.1 million in the same period of last year, the company announced over the weekend.The company said that among the reasons behind the losses was the huge decline in property sales, although rents increased by 10 percent in the same period.Solidere added that the consolidated revenues from services rendered fell by 8.5 percent to $3.3 million in the first half of the year, while revenues from hospitality services decreased by 16.8 percent to $170,000 .The company has the third-largest market capitalization on the Beirut Stock Exchange but Solidere's shares are the most-traded stocks on the bourse.
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