LPP Q3 revenues increase 21.8 percent

In the third quarter of 2017, LPP SA owner of fashion brands: Reserved, Cropp, House, Mohito and Sinsay said that revenues of 1,813 million Polish zloty were 21.8 percent higher than those gained a year ago owing to the increase in sales area, positive sales figures in LFL stores and the dynamic development of online sales. Gross margin amounted to 49 percent compared to 47.1 percent. Despite higher costs of stores and the head office, the company said, it gained profit at an operating level in the amount of 103.1 million Polish zloty (28.6 million dollars) compared to that of 4.8 million Polish zloty (1.3 million dollars) a year ago.