Investing.com - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Poland's KGHM Q1 net more than halves on copper price fall

Published 2016-05-13, 11:33 a/m
© Reuters. Poland's KGHM Q1 net more than halves on copper price fall
KGH
-
HG
-

WARSAW, May 13 (Reuters) - First-quarter net profit at
Europe's No.2 copper producer, Polish KGHM KGH.WA , more than
halved to 161 million zlotys ($41.2 million), as lower copper
prices hit its results, especially at overseas assets, it said
on Friday.
While net profit came in above analysts' expectations of 90
million, sales at the state-run miner fell on an annual basis by
a larger than expected 17 percent to 3.912 billion zlotys.
Analysts polled by Reuters expected 4.26 billion.
At a stand-alone level, on which KGHM's dividends are based,
the miner booked a 26-percent fall in net profit to 370 million
zlotys, on sales 21-percent lower at 2.98 billion, compared with
378 million and 3.3 billion in analyst poll.
($1 = 3.9074 zlotys)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.