Poland's LPP Q3 net profit rises nine-fold to 32.5 mln zlotys

WARSAW (Thomson Financial) - Poland's largest clothing retailer LPP posted a nine-fold jump in third-quarter net profit after the costs related to the failure of its major collection depressed earnings in the same period of last year.

LPP, which runs 279 stores in Poland under its Reserved and CROPP brands, earned 32.5 mln zlotys between July and September, up from 3.6 mln a year earlier and lower than 39.1 mln in the second quarter of 2007.

LPP's revenues rose 59 pct from a year earlier to 324 mln zlotys helped by an expansion in other central and eastern European countries.

source: By Piotr Skolimowski,

forbes.com