LPP reported earnings results for the month and sales results for the year ended December 2016. For the month, the company increased its group sales revenues by around 13% year on year to some PLN 737 million or by 16% to PLN 756 million including a warehouse sell-out. Gross margin was roughly flat from the year-prior period at 51%. Gross margin on the full set of sales fell to 36% following the one-off sale from warehouses. Full year 2016 sales including the one-off thus rose by ca. 17% to PLN 6.02 billion.