Orbis H1 profit up to PLN 82.25 mln y/y

Orbis recorded PLN 82.25 million attributable net profit in the first six months of 2017 compared to PLN 71.38 million the year before, the company reported in the report.  The company’s operating profit stood  PLN 121.07 million vs. PLN 91.52 million profit a year earlier. Consolidated sales revenues amounted PLN 679.53 million in H1 2017 compared to PLN 639.87 in the same period last year. On a standalone basis net profit in 2017 stood at PLN 50.67 million vs. PLN 78.7 million in 2016. Orbis Group is the largest hotel’s operator in Poland and Eastern Europe. At the end of March 2017 the total number of hotels amounted 116 hotels, which offer over 19,700 rooms. Most of them (70 objects) operate in Poland. The company has been listed on the WSE since 1997.