Ronson's profit 131% up y/y

Developer Ronson has recorded PLN 485 million in revenue in 2016, a 72 percent increase year-on-year, the company stated. Profit before tax from sales stood at PLN 118.7 million, which is a 131 percent increase over last's year's result. The developer recorded net profit of PLN 64.5 million, over three times more than in 2015. One of the reasons behind the remarkable results was the sale of Ronson's Nova Królikarnia project for a total of PLN 175 million. If this transaction were excluded from the financial statement, revenue would be PLN 310 million (10 percent more than in 2015), and profit before tax would equal PLN 61.5 million, which is a 20 percent increase y/y.