KGHM net profit down

Minning and metallurgy company KGHM reported a net profit decline to PLN 2.45 billion in 2014 from PLN 3.04 billion in 2013, due to lower metal prices, the company announced on Tuesday in a statement. The company’s operating profit amounted to PLN 3.68 billion, versus PLN 4.37 billion in the previous year. Sales revenue stood at PLN 20.49 billion compared to PLN 24.11 billion in 2013. WSE-listed KGHM is one of the largest producers of copper and silver in the world.