LPP with PLN 85 mln profit in Q3

WSE-listed fashion retailer LPP recorded PLN 85 million net profit in Q3 according to the company’s early estimates. Market consensus put the figure at PLN 77.1 million, according to PAP. The group’s consolidated revenue stood at PLN 1.81 billion, a 22 percent y/y growth, while gross profit from sales amounted to PLN 889 million. LfL sales grew by 15.2 percent y/y. The company will publish its final results on November 21. LPP’s brand portfolio includes Reserved, Cropp, House, Mohito and SiNSAY.