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Aurubis optimistic on full year despite coronavirus crisis

Published 11/08/2020, 06:14
Updated 11/08/2020, 06:15

HAMBURG (Reuters) - Aurubis AG (DE:NAFG), Europe's largest copper producer, on Tuesday confirmed its earnings forecast for its current financial year despite the economic downturn caused by the coronavirus crisis and posted a rise in quarterly earnings.

Operating earnings before taxes (EBT) in the third quarter of its 2019/20 financial year to end June 2020 rose 91% on the year to 42 million euros ($49.35 million) with copper concentrate (ore) processing at a high level, Aurubis said.

Aurubis repeated it expects full year group 2019/20 operating EBT of between 185 and 250 million euros.

"Aurubis remains cautiously optimistic about the rest of the fiscal year," it said.

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