26 AUGUST 2011Aluminium International Today
Glencore reports 58% profit rise
Edited by : AL CIRCLE
1 min read
Profits at giant commodities trader Glencore have risen 58% thanks to rising global market prices.
The firm, which listed on the London Stock Exchange this year, made $2.7bn in the first half of 2011.
Earnings at its industrial division - which invests in metals, energy and agricultural production - rose 54% thanks to "robust" demand for the natural resources it trades.
The firm, which listed on the London Stock Exchange this year, made $2.7bn in the first half of 2011.
Earnings at its industrial division - which invests in metals, energy and agricultural production - rose 54% thanks to "robust" demand for the natural resources it trades.
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