KGHM hopes for PLN 20 bln in revenues in 2017

WSE-listed, state-owned copper and silver giant KGHM may bring in PLN 20 billion in revenues this year, if the current prices of commodities, as well currency rates hold, company’s CEO Radosław  Domagalski-Łabędzki said. "If the good sentiment holds, that is copper and silver prices as well as FX rates, then I think revenues will comfortably exceed PLN 20 bln this year," said. For H1, company revenues amounted to PLN 9.71 billion, an 8.5 percent y/y increase. The Polish Press Agency (PAP) analysts predict this year’s revenue to reach PLN 20.79 billion. The company is also interested in investing in cogeneration sector. “The utility sector has great potential. We could be interested in cogeneration units to increase KGHM’s energy security. We want to invest as a company, not accumulate capital,” Domagalski-Łabędzki added.