Wednesday May 15
Polish KGHM 1Q Profit Down 26%, but Slightly Better Than Expectations
Polish copper miner KGHM Polska Miedz SA said Wednesday that standalone first-quarter net profit dropped 26% from a year earlier to 1.06 billion zlotys due to a new tax and lower prices.
Emerging Stocks Erase Gains as Polish, Russian Shares Decline
KGHM Polska Miedz SA tumbled 5.7 percent in Warsaw after copper retreated. OAO Gazprom, Russia 's biggest natural-gas producer, slid to the lowest level since March 2009 in Moscow.