In 2018, Swiss Glencore reduced its net profit 1.7 times


Swiss supplier of commodities, Glencore, following the results of 2018, reported the fall in net profit to 3 billion 408 million dollars (1.7 times). Revenues amounted to 219 billion 754 million dollars, showing an increase of 7%. Adjusted EBITDA in the amount of 15 billion 767 million dollars also grew by 7%, not reaching economists' forecasts of 16 billion 140 million dollars. The company last year increased its net debt by 44% to 14 billion 710 million dollars, which exceeded the forecasts of experts. The company also reported that it intended to implement the program to repurchase shares worth $2 billion by the end of the year.

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