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.
Global airlines heading for $84 billion net loss in 2020: IATA28.05.2020
American Airlines will cut 30% of its workforce including management and support staff27.05.2020
National Bank of Canada, Scotiabank surpass forecast despite profit decline19.05.2020
J.C. Penney plans to permanently close its 242 stores amid bankruptcy