StockMarketWire.com - Kaz Minerals profits fell in the first half of the year on lower revenues as the price of copper was hurt by weaker demand.

For the six months ended 30 June, earnings (EBITDA) fell to $620m from $690 million and revenues fell to $1,052m from $1,098m.

Operating profit of $410 million (H1 2018: $464 million)

Copper production increased by 6% to 147,000 tonnes, but that was offset by an 11% decline in LME copper price.

The company said it was on track to meet annual production guidance of about 300,000 tonnes.




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