The Management Board of KGHM Polska Miedź S.A. announces that the estimated Company profit for 2009 is at the level of PLN 2.5 billion, and is more than 10% higher than the projection for 2009, published in current report no. 40/2009 on 12 November 2009.
This higher-than-expected profit is mainly the result of better-than-expected copper prices and lower-than-expected impairment losses due to the measurement of assets at year’s end.
It is estimated that revenues from sales will not change signficantly in respect of the revenues published in the projection, and will be at the level of PLN 11.1 billion.
The estimated result was set according to the Financial Statements for 2009, which has been provided to the Certified Auditor for auditing.
Legal basis: art. 56 sec. 5 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (Journal of Laws from 2005 No. 184, item 1539 with subsequent amendments)
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