KGHM raises 2009 net forecast to PLN 2.25 bln
WARSAW |
WARSAW Nov 12 (Reuters) - Europe's No.2 copper producer KGHM KGHM.WA raised its 2009 net profit guidance by 15 percent to 2.25 billion zlotys ($816 million), as it increased its revenues and average copper price outlook, the miner said on Thursday.
The state-owned company upgraded its full-year sales goal by 12 percent to 10.8 billion zlotys and its average copper price forecast also by 12 percent to $5,045 per tonne. ($1=2.757 Zloty) (Reporting by Adrian Krajewski; Editing by Hans Peters)
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