News

Wittchen in the black, despite falling sales

24/03/2004

Poland’s largest producer of luxury leather goods, Wittchen, has posted full year 2003 profits of zł2.1 million ($545,695), despite the fact its revenues declined 5% to zł40 million ($10.4 million).

 

In September 2003, 45,000 gloves were stolen from the company, hitting sales. In January 2004, some of the stolen stock was recovered, however, boosting revenues to a higher than anticipated level.

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