Kappahl's Q2 sales decrease 6.2 percent

In the second quarter of 2017/2018 Kappahl's sales decreased by 6.2 percent to 1,115 million Swedish krona (135.4 million dollars). The gross margin was 58.8 percent compared to 58.9 percent and the operating profit was 5 million Swedish krona compared to 47 million Swedish krona in the same quarter last year. Kappahl's net sales were 2,280 million Swedish krona for the six-month period, a decrease of 6.9 percent. Gross profit for the half year was 1,408 million Swedish krona (170.9 million dollars), which corresponds to a gross margin of 61.8 percent against 62.2 percent.