Lower energy prices help copper producer Aurubis’ first-half profit

May 8 (Reuters) – Europe’s largest copper producer Aurubis AG reported on Wednesday first-half core profit above expectations, with lower electricity and gas prices helping its result.

Aurubis’ first-half core profit, also known as operating earnings before taxes, of 243 million euros ($260.96 million), up 2% on the same time last year, beat the consensus estimate of 233 million euros expected in a company poll.

Second-quarter core profit, at 132 million euros, increased 16% compared with the same period last year. ($1 = 0.9312 euros) (Reporting by Louis van Boxel-Woolf and Paolo Laudani; Editing by Jamie Freed)

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