LPP qith PLN 302 mln Q4 net profit

WSE-listed fashion retailer LPP recorded PLN 302 million net profit in Q4 up by 90.9 percent y/y according to the company’s early estimates. The group’s revenue stood at PLN 2.14 billion, a 15.8 percent y/y growth, while gross profit from sales amounted to PLN 1.23 billion. For the full 2017, the company had PLN 444 million net profit, while revenues amounted to PLN 7.02 billion. LfL sales grew by 16 percent y/y in Q4, and 14 percent in 2017.. The company will publish its final results on March 14. LPP’s brand portfolio includes Reserved, Cropp, House, Mohito, and SiNSAY.