Poland's KGHM fourth-quarter net result swings to profit of 1.56 billion zlotys

GDANSK (Reuters) - Poland's biggest copper miner KGHM Polska Miedz posted on Wednesday a net profit of 1.56 billion zlotys ($402.11 million) for the fourth quarter compared to loss of 4.53 billion zlotys a year ago.

Full-year 2024 adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 8.46 billion zlotys from 5.36 billion zlotys in 2023.

Group revenue for the fourth quarter rose more than 17% to 9.18 billion zlotys, driven mainly by higher silver, gold and copper prices.

($1 = 3.8795 zlotys)

(Reporting by Anna Banacka, additional reporting by Rafal W. Nowak; Editing by Kirsten Donovan)