LPP with PLN 299.5 mln Q4 profit

WSE-listed fashion retailer LPP had a PLN 299.5 million net profit in Q4, slightly down from the pre-released estimate of PLN 302 million. This is a 90.8 percent y/y increase. The group’s revenue stood at PLN 2.14 billion, a 15.9 percent y/y growth, while gross profit from sales amounted to PLN 1.24 billion, a 32.4 percent y/y increase. For the full 2017, the company had PLN 440 million net profit, compared with PLN 444 million estimate, while revenues amounted to PLN 7.02 billion, in line with pre-released figure and 16.8 percent y/y growth. LfL sales grew by 12.9 percent y/y in Q4, and 10 percent in 2017.