GPW Group’s 2016 activity focused on two areas: continued liquidity improvement and key business segment cost reduction through optimisation and efficiency improvements. As a result, in 2016 the GPW Group generated sales revenues of PLN 310.9 million and a net profit of PLN 131.1 million, the best result since 2011. EBITDA was also record-high at PLN 183.7 million. Operating expenses decreased by PLN 24.2 million year on year to PLN 150.2 million. The cost/income ratio was historically low at 48.3%.
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