KGHM with PLN 4.99 bln Q4 loss

WSE-listed copper and silver producer KGHM had PLN 4.99 billion consolidated net loss in Q4, up from the PLN 6.23 billion loss the year before. EBIDTA stood at PLN 1.51 billion. Revenues from sales stood at PLN 6.01 billion, up vs. PLN 5.15 billion y/y. Production volumes were down for both key products against both prior periods and KGHM assured the rising sales volumes on sales from inventory. Copper production was down 2 percent q/q to 135 kt and silver down 5.9 percent to 302.5 metric tons.