KGHM Milked Again

20th May 2008

Making dosh for the state budget: KGHM's plant in Głogów.

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Europe's biggest copper producer KGHM upped its 2008 dividend payout to shareholders by 700 million zlotys to 1.8 billion this week, choosing again to pour funds into the state budget and stockmarket players' hands as some of its much-hyped investment plans were delayed.

Europe's biggest copper producer KGHM upped its 2008 dividend payout to shareholders by 700 million zlotys to 1.8 billion this week, choosing again to pour funds into the state budget and stockmarket players' hands as some of its much-hyped investment plans were delayed.
The state-controlled company's huge reserves around Lubin in the south-west of Poland have yielded billions for state coffers in the last decade as the pric ...

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