LPP leads the clothing sector and gives investors high returns

Gdańsk-based clothing company LPP, owner of the Reserved brand, has become market leader on the basis of the nominal value of its share price, ensuring that its shareholders will have a reasonable rate of return. The company offered 50,000 shares to individual investors in April this year, at a price of zł. 265. Currently, the price stands at zł. 402, which has guaranteed them a return of over 50%. Larger institutions, such as Enterprise Investors, have also made a good investment by acquiring the shares at the same time from Grangefont Ltd., at a price of zł. 235 per share. Analysts say that the rise in the share price is a result of the company's strong foundations and its potential. Last year, LPP recorded revenues of zł. 261.6 million, showing a net profit of zł. 18.55 million. The company hopes to further improve its financial situation this year, estimating revenues of zł. 390 million. (Parkiet, p. 4) A.K