KGHM dividend

The Treasury, with a 45% stake, is the company's largest shareholder. KGHM's union leaders were outraged, warning that the company will lack capital to cover its 2006-2010 investment plan. The board recommended that 50% of the profit, that is about zł.1.1 billion, be allocated for dividends, but the Treasury believes KGHM can afford to pay zł.2 billion. The dividend will be paid out on August 2. (Poland A.M.)