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Glencore H1 income up 42% as asset sale progresses

August 30, 2010 - 00:00 GMT

Glencore’s net income rose by 42% to $1.6 billion in the first half of 2010 on better metal prices as its $1 billion asset disposal progressed.

Glencore’s net income rose by 42% to $1.6 billion in the first half of 2010 on better metal prices as its $1 billion asset disposal progressed. “Compared to the first half of 2009, profitability from Glencore’s industrial activities increased more than threefold primarily due to significantly higher metal...

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