KGHM ups 2009 net profit target to 1.95 bln zlotys
Polish copper miner KGHM raised its 2009 net profit guidance to 1.95 billion zlotys ($678 million) from 1.9 billion seen earlier thanks to rebounding copper prices, the company said on Monday.
Europe's No.2 copper producer also upped its revenue guidance to 9.7 billion zlotys from 9 billion seen earlier and raised its estimates for this year's average copper prices MCU3 to $4,500 per tonne from $3,800 seen earlier.
($1=2.876 Zloty)
(Reporting by Adrian Krajewski; Editing by Jon Loades-Carter)
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