Glencore marketing revenue hits $182bn
Published On February 18, 2022 » 1390 Views» By Times Reporter » Business, Stories
 0 stars
Register to vote!

By KENNEDY MUPESENI –
GLENCORE has recorded marketing revenues of $182 billion, up 46 per cent year-on-year, the latest preliminary financial statement indicates. In the 2021 period, marketing adjusted Earnings, Before Interest, and Taxes (EBIT) was $3.7 billion, increased by 11 per cent. “Energy adjusted EBIT was $1.4 billion indicating a -21 per cent , as a strong 2021 coal result limited the net overall reduction, given oil’s lower contribution relative to the prior year, wherein it capitalised on the exceptional market conditions,” it stated.

Read more

Share this post
Tags

About The Author