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Poland KGHM misses Q4 forecasts

Metal News - Published on Fri, 16 Mar 2018

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Reuters reported that Poland’s KGHM, one of the world’s biggest copper producers, reported a consolidated net loss of 87 million zlotys (USD 25.6 million) in the fourth quarter compared to an almost 5 billion zlotys impairment-driven loss a year ago.

The result came in significantly lower than the average profit of 522 million zlotys expected by analysts, many of whom did not include in their forecasts an impairment charge that KGHM announced in February.

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Posted By : Rabi Wangkhem on Fri, 16 Mar 2018
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