Glencore earnings cut in half but CEO says things are healthy

Glencore share values have nosedived on the FTSE 100 Exchange in the UK, but the company said it is still in mergers-and-acquisitions mode despite the low revenue numbers for the first half of the year.

Glencore's adjusted core earnings, or earnings before interest, tax, depreciation and amortization , fell to US$9.39 billion in the six months through June, from US$18.92 billion a year earlier, said a summarized report from Reuters. Many analysts called the H2 results disappointing, but at the same time, the company was able to return $2.2 billion to shareholders.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

A shift is coming: Newfoundland company aims to revolutionize health-care delivery through new technologies'There are a lot of people in the world, not only in Newfoundland, who think there's going to be a whole different way of doing things': Bounce Health ...
Sumber: SaltWire Network - 🏆 45. / 63 Baca lebih lajut »

Cornell to Stop Serving Starbucks Coffee After Company Shut Down Unionized CafesCornell University has decided not to renew a contract to serve Starbucks coffee, a win for labor organizers’ efforts to make the company pay a price for shutting down unionized stores.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »