Echo Investment reported PLN 64m in revenue for the first three months of 2018. Its gross profit for the period totaled PLN 15m, while net profit reached PLN 51m. The developer handed over 70 apartments in Q1. Echo posted a stable net debt ratio, accounting for only 29 percent of the value of its assets. The developer is planning to sell between 1,300 and 1,400 apartments this year, while maintaining high margin levels. Throughout the year, Echo will add 1,400 apartments in nine projects.
