KGHM posts Q4 net below expectations on mining tax, no one-offs

Fri Mar 1, 2013 1:24am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

WARSAW, March 1 (Reuters) - Europe's No.2 copper producer KGHM, reported lower than expected fourth-quarter earnings, hit by a new mining tax and compared to a one-off boosted year-ago period, the company said on Friday.

The state-controlled miner said its stand-alone net profit stood at 753 million zlotys ($237 million) compared to 826 million seen in a Reuters poll.