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BRIEF-Poland's KGHM says 2015 net result shielded by weaker zloty vs dollar

Published 2015-10-15, 11:29 a/m
© Reuters.  BRIEF-Poland's KGHM says 2015 net result shielded by weaker zloty vs dollar
USD/PLN
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RZESZOW, Poland, Oct 15 (Reuters) - KGHM Polska Miedz SA
KGH.WA
* The chief executive of Europe's No.2 copper producer,
Poland's KGHM, said on Thursday that the firm will fulfill its
2015 budgetary plans thanks to a weakening of the zloty versus
the U.S. dollar PLN= .
* CEO Herbert Wirth told Reuters that KGHM had assumed
average 2015 copper price at about $5,800 per tonne and the
USD/PLN exchange rate at 3.30, while the price will likely reach
about $5,200 and the exchange rate will stand at 3.70.
* In August, the company's CFO Jaroslaw Romanowski said
KGHM's 2015 stand-alone net profit would likely be comparable to
2014 when it stood at 2.41 billion zlotys ($649.2 million).

Further company coverage: KGH.WA
($1 = 3.7123 zlotys)

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