LPP SA (LPP), Poland’s biggest clothing retailer, headed for the highest close in almost two weeks after saying its sales increased 22 percent in April from a year earlier.
The shares advanced 0.4 percent to 2,850 zloty, the highest on a closing basis since April 20, at 1 p.m. in Warsaw trading, valuing the company at 5.07 billion zloty ($1.6 billion). The stock has gained 41 percent this year, compared with a 7 percent rise by the WIG Index.
LPP said in a statement today that its sales increased to about 246 million zloty in April.
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