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.
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