Copying and distributing are prohibited without permission of the publisher
Glencore says Ebitda down 17% in H1; no word on Xstrata
August 21, 2012 - 06:21 GMT
Global mining and trading group Glencore International posted a 17% fall in first-half earnings and warned there could be little improvement in commodities markets in the second half of 2012.
The group, which gave no hint of a new move in its takeover
bid for Xstrata, said earnings before interest, tax,
depreciation and amortisation (Ebitda) dropped to about $3.20
billion, compared with $3.85 billion a year earlier. Lower
metals and raw materials prices and a weaker market in China
have damaged earnings at all...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
A standard subscription include one year's worth of news and prices. You can also upgrade to a premium subscription and benefit from more than 17 years of intelligence plus access to MB Company Data.
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.