In the first quarter of this year, PHN Group once again reported solid financial results. Despite challenging market conditions, the Group achieved a 2.5 percent increase in rental revenue. PHN Group’s net profit in the first quarter of this year amounted to PLN 21.3 million. Rental revenue amounted to PLN 48.5 million as compared to PLN 47.3 million in the same period last year, and EBITDA rose to PLN 57.4 million vs. PLN 50.3 million a year ago. The company has consistently diversified its...
PHN’s Management Board has recommended that the General Meeting of Shareholders allocate PLN 18.4 million of the 2021 net profit to dividend, i.e. PLN 0.36 per share. As regards the remaining part of the net profit for last year, amounting to PLN 54.2 million, the Management Board proposes to allocate it to increase the reserve capital and to implement the investment program. PHN has been paying regular dividends to its shareholders for many years. Last year, the company paid out a total of...
PHN has obtained the permit to use the INTRACO Prime office and retail building in the Warsaw district of Muranów at ul. Stawki 2B. The project has been completed on schedule. INTRACO Prime is a state-of-the-art A-class office building with an area of ca. 13,000 sq m with retail spaces on the ground floor. Aside from its excellent location, the building offers a broad range of advantages, such as energy-efficient systems and installations, parking spaces and changing rooms for cyclists, as...
In 2021, PHN Group achieved stable financial results thanks to consistent diversification of operations and strict cost control. Net profit rose to PLN 73.7 million as compared to PLN 70.1 million in 2020. Last year, despite challenging market conditions related to the pandemic, supply chain disruptions, rising labor and building material costs, or profound changes in the office market, the company maintained rental income at levels similar to 2020. Operating expenses were also kept in check....
The “Hotels for Medics” Foundation has donated 100 thousand zlotys to the Central Clinical Hospital of the Ministry of Interior and Administration in Warsaw to fight COVID-19. With these funds, the hospital will finance the purchase of neurosurgical instruments.  “Since the outbreak of the pandemic, the Hotels for Medics Foundation has already committed more than 1.5 million to prevent, counteract and eradicate COVID-19. This time the donation of 100 thousand zlotys went to the Central...