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Aurubis Q2 Profit Falls

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

German copper producer Aurubis Ag's (AIAGF.PK,AIAGY.PK) second-quarter net income plunged to 27 million euros, or 0.59 euros per share, from last year's 136 million euros, or 3.01 euros per share.

EBT in the second quarter slid 80 percent to 37 million euros, while operating EBT fell 99 percent to 1 million euros.

Revenues in the quarter totaled 3.31 billion euros, down 9 percent from last year's 3.64 billion euros.

The group said it expects satisfactory earnings for the entire year, which are nevertheless expected to be below last year's earnings due to weakness on the acid and
copper scrap markets.

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