LPP to shrink CAPEX
16:41
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
LPP also said it aims to increase sales this year.
