In 2018, Swiss Glencore reduced its net profit 1.7 times

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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.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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