Glencore Trading Profit Doubles to $3.3 Billion in First Half
Glencore said its trading division generated about $3.3 billion in profit in the first half, effectively doubling the previous year’s figure as the group pointed to the impact of Middle East unrest.
The result places the Swiss commodities trader within striking distance of the top end of its $3.5 billion annual profit target, positioning the company for one of its strongest full-year performances.
From the sources (3 posts)
@businessGlencore's trading team made about $3.3 billion in profit during the first half, putting it on course for one of its best ever years
@staunovoGlencore trading profits double on Middle East turmoil Swiss energy group reports $3.3bn in first-half earnings at its marketing division
@staunovoGlencore Plc said its trading team made about $3.3 billion in profit during the first half, putting it on course for one of its best ever years. Based on its first-half performance, the company is already within touching distance of the th