MEDIUM-TERM OUTLOOK
Europe's No 2 copper producer KGHM plans to pay out dividends of up to one third of its 2014 annual profit, as it plans to spend 27-billion zlotys ($7.23-billion) to boost output over the next five years, the company said on Monday.
The dividend policy of the state-controlled miner is in line with what it signalled last year. KGHM paid out a dividend of 5 zlotys per share which equalled 30% of its 2013 profits.
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