In H1 2020, PHN Group’s adjusted EBITDA increased by over 30% year-on-year to PLN 37.2 million. Rental revenue increased by 13% to PLN 92.8 million, and rental profit to PLN 51.2 million. In H1 2020, the PHN Group generated profit from development activities of PLN 14.1 million.
Despite the market turmoil caused by the coronavirus epidemic, the PHN Group consistently pursued its business goals, continuing ambitious investments in the commercial, residential and logistics real estate sectors....