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5 months ago
BRIEF-Poland's LPP capable of paying dividend for 2016
February 23, 2017 / 11:32 AM / 5 months ago

BRIEF-Poland's LPP capable of paying dividend for 2016

1 Min Read

Feb 22 (Reuters) - LPP SA:

* The profit achieved by LPP, Poland's biggest clothing retailer, allows for a payment of a dividend, said on Thursday the company's vice president Przemyslaw Lutkiewicz

* "The profit that we have in the parent company is sufficient to pay a dividend (for 2016), but we are not yet declaring any specific amount," - said Lutkiewicz at a press conference

* In 2016 the unconsolidated net profit fell to 280.4 million zlotys ($68.5 million) from 344.3 million zlotys a year ago, the consolidated net profit dropped to 175.9 million zlotys from 351.3 million zlotys a year ago

* In 2015 the company paid in total 59.9 million zlotys in dividends, 33 zlotys per share Further company coverage: ($1 = 4.0869 zlotys) (Gdynia Newsroom)

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