KGHM’s Net Profit Surges in H1 2017, But Below Forecast

Published: Aug 18, 2017 09:55

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Poland’s copper mining company KGHM said its net profit rose sharply in H1 2017, but was still below market forecast.

SHANGHAI, Aug. 18 (SMM) –Poland’s copper mining company KGHM said its net profit rose sharply in H1 2017, but was still below market forecast.

The company’s net profit rose 66% to PLN 491 million in H1 2017. Exchange rate changes and rising costs partly offset positive impact from rising copper and molybdenum prices, which explained why profit missed forecast.

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