In the first three quarters of 2016, PHN Group’s rental revenue increased by 22.3% to PLN 113.6 million, compared to PLN 92.9 million year-on-year. In the last quarter, the Group conducted advanced works on new commercial projects which will enrich the Company’s real estate portfolio in the coming years.
EBITDA improved considerably, increasing by over 16% to PLN 38.8 million, while adjusted EBITDA increased by nearly 73% to PLN 38.9 million. Administrative expenses fell by 9.5% year-on-year,...