LPP reports 58.7 percent rise in quarterly net profit
Poland's largest fashion retailer LPP reported a 58.7% rise in fourth-quarter net profit to 714 million zlotys, which beat analyst expectations on Thursday.
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The largest fashion retailer in Poland, LPP SA, has reported fourth-quarter earnings that significantly exceeded market expectations. The company, which operates a diverse portfolio including the flagship Reserved brand and the budget-oriented Sinsay chain, posted a quarterly net profit of 714 million zlotys ($193 million). This figure represents a 58.7% increase compared to the same period last year.
