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Poland's LPP CFO says expects significant improvement in Q2 results
May 17, 2017 / 8:45 AM / 4 months ago

Poland's LPP CFO says expects significant improvement in Q2 results

WARSAW, May 17 (Reuters) - LPP, Poland’s biggest clothing retailer, will significantly improve its financial results in the second quarter, the company’s Chief Financial Officer Przemyslaw Lutkiewicz said on Wednesday.

“We have observed a positive trend since March. (...) We expect a significant improvement of results in the second quarter,” Lutkiewicz told a news conference.

Earlier on Wednesday, LPP confirmed it booked a net loss of 117 million zlotys ($30.99 million) for the first quarter.

$1 = 3.7758 zlotys Reporting by Bartosz Chmielewski; Writing by Agnieszka Barteczko; Editing by Lidia Kelly

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