LPP Reports 64 Percent Profit Jump
Polands LPP reported a 64 percent rise in second-quarter net profit to 768 million zlotys on robust store sales and cost control. The fashion retailer plans to lift selling space by 15 percent in 2026, focusing heavily on its Sinsay brand.
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LPP SA posted a 64% surge in second-quarter net profit to 768 million zlotys ($202.50M) on Thursday morning, driven by strong online and offline sales. The result surpassed earlier company estimates as discount-focused brands fueled growth in Poland and abroad. Operating profit jumped 63% to 1.13 billion zlotys during the period.