LPP SA Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
September 21, 2023 at 11:37 am EDT
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LPP SA reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was PLN 4,575.4 million compared to PLN 4,340.6 million a year ago. Net income was PLN 438.8 million compared to net loss of PLN 362.3 million a year ago. Basic earnings per share was PLN 236.59 compared to basic loss per share of PLN 197.02 a year ago. Diluted earnings per share was PLN 236.59 compared to diluted loss per share of PLN 197.02 a year ago.
For the six months, sales was PLN 8,214.8 million compared to PLN 7,374.8 million a year ago. Net income was PLN 548.3 million compared to net loss of PLN 94.3 million a year ago. Basic earnings per share was PLN 295.63 compared to basic loss per share of PLN 51.28 a year ago. Diluted earnings per share was PLN 295.63 compared to diluted loss per share of PLN 51.28 a year ago.
LPP SA specializes in creating, manufacturing and marketing clothes for men, women and children. Products are sold under the Reserved, Cropp, House, Mohito and Sinsay brands. The group's activity is organized around 3 families of products:
- clothes: jackets, coats, pullovers, sweaters, pants, dresses, shirts, etc.;
- underwear;
- accessories: hats, scarves, gloves, etc.
At the end of 2021, products are marketed through a network of 2,244 stores worldwide.
Net sales break down geographically as follows: Poland (39.3%), Eastern Europe (27.8%), Europe (32.7%) and Middle East (0.2%).
LPP SA 
