(Reuters) -Europe’s largest copper producer Aurubis reported half-year core profit above market expectations on Thursday, helped by higher prices of sulfuric acid and precious metals.
Operating earnings before tax (EBT) fell 5.8% to 229 million euros ($259.2 million) in the six months through March 2025, from 243 million euros a year earlier. That beat analysts’ expectations of 221 million euros in a company-provided poll.
Reduced concentrate throughput at lower treatment and refining charges and higher ramp-up costs for strategic projects, such as its multimetal recycling plant in the United States, had a negative effect on the operating EBT, Aurubis said.
The metals recycler and smelter confirmed its forecast for the 2024/25 financial year.
($1 = 0.8836 euros)
(Reporting by Bernadette Hogg in Gdansk, editing by Milla Nissi-Prussak)
