KGHM Q2 profit falls

WSE-listed copper and silver giant KGHM posted a PLN 93 million net profit in Q2, down from PLN 135 million profit a year earlier. Revenues amounted to PLN 4.8 billion, up from PLN 4.44 billion last year. “Significant increases in revenues and operating results of the KGHM Group in the second quarter are mainly a result of persisting positive macroeconomic trends, in particular, the upward trend in prices of our basic metals on the international market,” said the company’s CEO Radosław Domagalski-Łabędzki.