Concord Resources posts $1.5bn total revenue after first trading year

Concord Resources’ revenue totalled more than $1bn during its first year of active metals trading, the company said when releasing its 16-months financial statement.

In the first 16 months, ending December 2016, Concord generated a total revenue of $1.546 billion and a gross profit of $36.3 million, according to the document filed on April 3 and signed by ceo Mark Hansen. Company accounts lists a $6,692,000 net profit for the year after all taxes, wages and other deductibles are taken into account. Formed by a posse of Noble base metals traders in...

Published

Archie Hunter

April 10, 2017

15:25 GMT

London