KGHM announces half-year net profits of zł. 189 million

"The results are satisfactory and better than those generated in the same period of 2002. At that time, the profit amounted to zł. 164 million," announced deputy finance director Andrzej Szczepek. At the same time, the cost of producing copper was zł. 104 million lower after the second quarter of 2003, as compared with the first half of 2002. "After such a result, KGHM's management has decided to provide the supervisory board of the concern with several amendments to the 2003 budget, opting to increase the net profit forecasts," announced Szczepek. (Parkiet, p. 4) A. Z