KGHM Polska Miedz SA ( (KGHPF) ) has released its Q4 earnings. Here is a breakdown of the information KGHM Polska Miedz SA presented to its investors.
KGHM Polska Miedź S.A. is a prominent Polish company engaged in the mining and production of copper and other non-ferrous metals, with operations extending into North America and Chile. The company is listed on the Warsaw Stock Exchange and is known for its integrated mining and metallurgical operations.
In its latest earnings report for the year 2024, KGHM Polska Miedź S.A. demonstrated a significant turnaround in financial performance. The company reported revenues of PLN 35,320 million, marking an increase from the previous year. Notably, the company achieved a profit of PLN 2,870 million, a substantial improvement from the loss recorded in 2023.
Key financial highlights from the report include a profit before income tax of PLN 4,608 million, compared to a loss in the previous year. The company’s earnings per share also showed a positive shift, reaching PLN 14.34. Despite a decrease in net cash flow, the company maintained a stable financial position with total assets increasing to PLN 53,892 million.
Looking ahead, KGHM Polska Miedź S.A. remains committed to maintaining its financial stability and operational efficiency. The management continues to focus on strategic initiatives to enhance profitability and manage risks associated with market fluctuations, ensuring sustainable growth in the coming years.