In 2016,PHN Group improved its economic effectiveness and financial results among others by increasing its rental revenue by 20.5% YoY from PLN 127.4m to PLN 153.5m.This year, PHN Group will intensify the implementation of new commercial projects, which will enrich the Company’s real estate portfolio in the coming years.
In 2016, adjusted EBITDA increased by 55.7% YoY to PLN 50.3m. The Company reduced administrative expenses, which in 2016 amounted to PLN 31.1m compared to 38.4m YoY.
“We are...