June 25, 2020 / 5:36 AM / 18 days ago

BRIEF-LPP Net Result Turns To Loss Of 362.0 Mln Zlotys

June 25 (Reuters) - LPP SA:

* SAYS Q1 2020/2021 NET LOSS 362.0 MILLION ZLOTYS VERSUS PROFIT OF 23.3 MILLION ZLOTYS YEAR AGO

* Q1 2020/2021 REVENUE OF 1.18 BILLION ZLOTYS VERSUS 1.19 BILLION ZLOTYS ESTIMATED ON MAY 4

* Q1 OPERATING LOSS OF 260.5 MILLION ZLOTYS VERSUS LOSS OF 265 MILLION ZLOTYS ESTIMATED ON MAY 4

* Q1 LFL SALES DOWN 57% VERSUS 57.3% DROP ESTIMATED ON MAY 4

* REDUCES 2020/2021 CAPEX TO 400 MILLION ZLOTYS FROM 500 MILLION ZLOTYS REPORTED ON APRIL 15

* NET DEBT AS AT APRIL 30 AMOUNTS TO 268.5 MILLION ZLOTYS VERSUS DEBT OF 561.0 MILLION ZLOTYS YEAR AGO

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Further company coverage: (Gdansk Newsroom)

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