11,048.11 TRY BIST 100 BIST 100
48.58 EUR EUR EUR
41.31 USD USD USD
5.84 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
39.84 TRY Interest Interest
67.26 USD Fossil Oil Fossil Oil
56.16 USD Silver Silver
4.60 USD Copper Copper
106.61 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,851.29 TRY Gold (gr) Gold (gr)

Glencore's net profit decreased in the first half of the year

Swiss commodity trading company Glencore's net profit decreased 2.7 times in the first half of the year.

Glencore's net profit decreased in the first half of the year

According to the company's report, in the first half of 2023, the profit of the Swiss commodity trading company Glencore decreased almost 2.7 times compared to the previous year to $ 4.31 billion. Glencore's net profit per share decreased from $ 0.92 to $ 0.36. Adjusted EBITDA halved to $9.39 billion. Revenue decreased by 20 per cent to $107.41 billion. Net debt at the end of June was $1.54 billion, down 33% from a year earlier.

"The strength of our diversified business model, which includes a metals and energy-focused industrial and marketing business, has once again proven its value in a variety of market conditions," Glencore CEO Gary Nagle said in a statement.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

U.S. changes antidumping decision on steel imports from Italy.

Sunday, September 21, 2025

Saudi Arabia issued USD 1 billion steel order for Mukaab project

Friday, September 19, 2025

Ayes Çelik Hasır lays the foundation for its third factory

Sunday, September 21, 2025

Trump uses “golden share” authority to block US Steel Granite City plan

Sunday, September 21, 2025

South Korea develops new guarantee product to support steel industry

Sunday, September 21, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now