LPP consolidated sales way up in November

LPP Group, the owner of popular clothing brands Reserved, House, Mohito and Cropp, among others, reported on Thursday that consolidated sales revenues in November reached PLN 485 million, a 13 percent increase, y/y, the Polish press reported. “The estimated value of the gross margin on sales was 60 percent and was approximately 5 percent higher than the profit margin realized in November last year,” read the statement. Revenues from sales during the period Q1-Q3, 2016 amounted to PLN 5.23 billion, an increase of 17 percent y/y, the company added. The company has been listed on the Warsaw Stock Exchange since 2001. It reported consolidated revenues from sales of PLN 5.13 billion in 2015.