16.08.2016 - Antofagasta revenues fell by 18.5%
The mining company Antofagasta declared reduction of profit in the first half of this year, but confirmed the forecast of copper production growth this year. Thus, the net profit for the period totaled 88.1 million dollars against 706 million dollars during the same period last year. Revenues fell by 18.5% to 1.45 billion dollars. Given the uncertainty of the situation on the commodity markets, we expect a decrease of price by 10-15% in the coming months.