Polish aluminium firm Kety sees rise in profit, raises dividend

Poland's biggest aluminium products maker Kety said it expects a 20 percent increase in 2015 net profit to 201 million zlotys ($54.44 million) due to a recovering global economy, prompting the company to pay a higher dividend.

Kety will increase the shareholder payout to up to 60 percent of consolidated net profit, the company said in a strategy update for 2015-2020 on Tuesday.

The company, whose shares rose 30 percent last year on Poland's economic recovery, said that by 2020 its net profit will increase by half from current levels to 264 million zlotys.

($1 = 3.6920 zlotys)

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