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.