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BRIEF-Poland's KGHM says could match 2014 net profit, plans dividend

Published 2015-08-14, 07:15 a/m
© Reuters.  BRIEF-Poland's KGHM says could match 2014 net profit, plans dividend
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Aug 14 (Reuters) - KGHM Polska Miedz SA KGH.WA
* Europe's No.2 copper producer, Poland's KGHM, expects 2015
stand-alone net profit to be comparable to 2014 when it stood at
2.41 billion zlotys ($643.08 million), the company's CFO
Jaroslaw Romanowski said on Friday.
* The CFO said the company plans to continue paying out one
third of the annual profit in dividend.
* At the moment, KGHM does not see a significant threat to
its capital spending due to low copper prices, but if the
company's low valuation persists for another 10 months it will
have to run asset impairment tests, Romanowski said.
* KGHM says that despite low copper prices this is not a
moment to suspend production at its oversees sites.

Further company coverage: KGH.WA
($1 = 3.7476 zlotys)

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