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Glencore reports H1 profit of $2.47 billion

Glencore reports H1 profit of $2.47 billion

Swiss-based commodities giant Glencore International PLC has reported a first-half profit attributable to shareholders of $2.474 billion.
Glencore's first full financial report since its $10 billion IPO in May beat expectations.
Analysts had predicted a profit of $2.3 billion for the integrated trading company that extracts, ships and trades staples such as coal, corn and copper.
The company posted a profit of $1.08 billion during the first six months of 2010.
Glencore said its earnings before interest and tax reached $3.3 billion in the first half, up from $2.2 billion in the same period last year.
Chief executive Ivan Glasenberg told reporters Thursday that he foresees commodities prices remaining stable due to limited supply.


Updated : 2021-10-20 12:31 GMT+08:00