Orbis net profit rises to PLN 80 mln in Q3

The Orbis Hotel Group recorded a consolidated net profit of PLN 80.05 million in Q3 of 2016, up from PLN 75.8 million a year earlier, the company announced. The operational profit amounted to PLN 104.82 million versus PLN 95.33 million a year before, while consolidated sales revenues stood at PLN 396.37 million, compared to PLN 362.9 million a year before. In Q1-3 of 2016 the company had a consolidated net profit of PLN 151.42 million versus PLN 129.07 million a year earlier, with sales at PLN 1.036 billion compared to PLN 954.53 million a year earlier. The Orbis Group's development plan foresees 27 new hotels (3,100 rooms) by 2020. At the end of 2015, the Group had 108 hotels with 8,800 rooms, most of them in Poland.