KGHM copper producer doubles its financial forecasts

APA - Austria Presse Agentur
opublikowano: 31-08-2005, 15:18

Warsaw (Puls Biznesu) – KGHM, Poland’s biggest copper and silver producer, raised its net income forecast to PLN 1.92 billion (EUR 474m) from PLN 943m. Sales are to grow 21.6 percent to PLN 7.22 billion. In 2004, the company reached record income of PLN 1.4 billion. The management is going to recommend dividend at the level of 30 percent of the income.

Warsaw (Puls Biznesu) – KGHM, Poland’s biggest copper and silver producer, raised its net income forecast to PLN 1.92 billion (EUR 474m) from PLN 943m. Sales are to grow 21.6 percent to PLN 7.22 billion. In 2004, the company reached record income of PLN 1.4 billion. The management is going to recommend dividend at the level of 30 percent of the income. The company paid out dividend for the first time last year – it was PLN 400m or PLN 2 a share. Investors expected good news already yesterday and shares jumped 3.3 percent to PLN 40.2.

(PLN 1 = EUR 0.247)Poland/Enterprises/Metals and Mining

 

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Podpis: APA - Austria Presse Agentur

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