The Lebanese Company for the Development and Reconstruction of the Beirut Central District sal announced audited consolidated financial results for the year ended December 31, 2013. For the period, the company reported total revenues of USD 158,951,232 against USD 117,016,993 a year ago. Net revenues from operations were USD 109,485,396 compared to USD 71,393,668 a year ago.

Profit before tax was USD 48,348,953 compared to USD 19,556,955 a year ago. Profit for the year was USD 42,580,168 compared to USD 17,234,143 a year ago. Basic/diluted earnings per share were USD 0.2659 against USD 0.1085 a year ago.

Profit attributable to equity owners of the parent was USD 42,936,514 compared to USD 17,649,553 a year ago. Net cash provided by operating activities was USD 136,338,130 compared to net cash used in operating activities of USD 52,498,259 a year ago. Acquisition of fixed assets was USD 2,404,854 compared to USD 8,459,700 a year ago.