Poland's KGHM Q1 net rises to PLN 398 mln

WSE-listed copper and silver miner KGHM, posted a consolidated PLN 398 million net compared to PLN 161 million the company reported a year ago. The revenue from sales amounted to PLN 4.9 billion, up from PLN 3.91 billion y/y, while EBITDA stood at 1.07 billion up by 119 percent y/y. The good results come from, in part of, an increased copper price, which accounted for some PLN 677 million in improved profits, as sales volumes, were flat.