CCC Q4 net profit drops

WSE-listed footwear producer and retailer CCC had PLN 148.7 million net profit in Q4, down by 22.7 percent y/y. Revenues stood at PLN 1.36 billion, up by 20.9 percent, while operating profit dropped by 13.2 percent y/y to PLN 188.9 million. For the whole year, CCC had PLN 303 million net profit, down by 4 percent y/y and PLN 4.19 billion in revenues, which is a 31.7 percent growth. Out of that figure, PLN 606 million came from e-commerce which was a 111 percent y/y increase. LfL sales increased by 10.8 percent last year.