Figures issued by Societé de Construction et d'Amélioration Immobiliére sal (STARCO) announced audited profits of LBP6.7bn in 2023 compared to net losses of LBP7.6bn in 2022. Further, the firm's consolidated assets reached LBP163.2bn at the end of 2023 compared to LBP81.8bn at the end of 2022. The company's real estate assets totaled LBP65.9bn at end-2023, with buildings accounting for 95% of the total, and increased by 10.5% from LBP59.6bn at end-2022; while its fixed assets amounted to LBP9.3bn at end-2023 and grew by 11.7% from LBP8.3bn at end-2022. Also, the firm's current assets stood at LBP38bn at end-2023 compared to LBP10.3bn at end-2022, with cash & bank balances reaching LBP38bn at end-2023 and prepaid expenses totaling LBP45.3m. In addition, the company's portfolio of marketable assets consisted of tenants agreements that stood at LBP50bn at end-2023 relative to LBP3.5bn at end-2022.  On the liabilities side, the firm's current liabilities amounted to LBP24.9bn at end-2023 compared to LBP1.8bn at end-2022, with value-added tax payments at LBP17bn or 68.5% of the total, followed by accounts payables at LBP6.4bn (25.7%), and bank guarantees at LBP1.46bn (6%). In comparison, the value-added tax dues totaled LB957.5m, bank guarantees reached LBP147.2m, and account payables amounted to LBP695.9m at end-2022. Also, the company's settlement accounts stood at LBP44.2bn at end-2023 relative to LBP3.96bn at end-2022, and its accumulated depreciation reached LBP22.4bn at end-2023 and increased by 6.2% from LBP21.1bn at end-2022. In addition, the company's provisions for risks amounted to LBP17.2bn at end-2023, constituting an increase of 25% from LBP13.8bn at end-2022.  Further, the firm's consolidated shareholders' equity was LBP28.5bn at the end of 2023, up by 30.8% from LBP21.8bn a year earlier;  while retained earnings reached LBP19.4bn at end-2023 and decreased by 28.2% from LBP27bn at end-2022. The firm's balance sheet and income statement were published in the Official Gazette. (ICE BEIRUT)

Fonte notizia: Byblos Bank, 25 - 30 August, 2025