LPP to shrink CAPEX

Polish clothing retiler LPP has informed that its 2016 CAPEX (capital expendituries) will total PLN 370 million , down from PLN 489 million in 2015. LPP said that CAPEX was impacted hard in the fourth quarter by a 20-percent dollar rise Net profits fell in the quarter by 29 percentage points to PLN 173 million…

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