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KGHM to Update 2010 Earnings Forecast on Dec. 6, Parkiet Says

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Dec. 4 (Bloomberg) -- KGHM Polska Miedz SA, Poland’s only copper producer, will publish an updated forecast of 2010 earnings on Dec. 6, Parkiet reported, citing Chief Executive Officer Herbert Wirth.

Wirth said that the results will be “good” because of high copper prices on the London Metal Exchange as well as the weak zloty against the U.S. dollar, according to the daily.

In September, KGHM predicted annual net income of 3.91 billion zloty ($1.31 billion) in 2010.

To contact the reporter on this story: Monika Rozlal in Warsaw at

To contact the editor responsible for this story: Willy Morris at

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