KGHM Q3 Profit Down 65%
KGHM Polska Miedz SA (OTC: KGHPF) reported a 65% drop in its third-quarter unconsolidated net profit.
KGHM's quarterly unconsolidated net profit declined to 1.12 billion zlotys ($343 million). However, analysts were expecting a profit of PLN1.1 billion.
Its consolidated net profit dropped 61% to PLN1.23 billion. KGHM's sales came in at PLN6.79 billion, versus analysts' estimates of PLN6.54 billion.
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