Kety cuts outlook on record zloty, lower demand

WARSAW, July 31 (Reuters) - Polish aluminum product maker Kety KETY.WA cuts its 2008 outlook on Thursday because of the negative effects of the record high zloty and decreasing demand on local and some European markets.

Kety decreased its full-year sales and net profit forecasts by 16 percent each to 1.28 billion zlotys and 85 million, respectively. It also cut its expectation for EBITDA by 10 percent to 208 million and operating profit by 13 percent to 127 million. (Reporting by Chris Borowski)