Aurubis shares jump 9% as ceo says 2015 profits could break records

Aurubis shares jumped as much as 8.7% on Thursday August 13 as the company’s ceo said it is on course to achieve record-breaking full-year profits, after operating income more than tripled in the first three-quarters of its fiscal year.

The Hamburg-based copper refiner achieved operating profits of €261 million ($290 million) in the nine months ended June 30, up from €75 million a year earlier, as a result of higher treatment and refining charges for concentrates and scrap, stronger copper premiums and sulphuric acid prices, a weaker euro and higher production. At €245 million, its consolidated net earnings were more than ten times higher than in the same period in 2014, the company said on August 13. Aurubis...

Published

Mark Burton

August 13, 2015

10:57 GMT

London