08 AUGUST 2014<a href=' http://af.reuters.com/article/metalsNews/idAFL6N0QD2LN20140807 ' target='_blank'> Reuters </a>
Polish aluminium products maker Kety ups 2014 profit goal
Edited by : AL CIRCLE
1 min read
Poland's leading aluminium products maker Kety on Thursday raised its full-year net profit forecast by 34 percent to 170 million zlotys ($54 million) reflecting a rebounding Polish economy.
"Due to the high progress in executing the forecast after 6 months of 2014 and stable outlook for the second half of the year the board of Grupa Kety decided to increase the forecast," Kety said in a statement.
The company is benefiting from Poland's accelerated economic growth, which reached 3.4 percent in the first quarter and is expected to stay at 3.3 percent in the second.
Kety said its net profit in the April-June period rose by 40 percent to almost 55 million zlotys, while for the first half of the year it rose to 81 million zlotys.
(1 US dollar = 3.1438 Polish zloty)
"Due to the high progress in executing the forecast after 6 months of 2014 and stable outlook for the second half of the year the board of Grupa Kety decided to increase the forecast," Kety said in a statement.
The company is benefiting from Poland's accelerated economic growth, which reached 3.4 percent in the first quarter and is expected to stay at 3.3 percent in the second.
Kety said its net profit in the April-June period rose by 40 percent to almost 55 million zlotys, while for the first half of the year it rose to 81 million zlotys.
(1 US dollar = 3.1438 Polish zloty)
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