Glencore Sees 2017 Marketing EBIT of $2.8 Billion
December 12 2017 - 02:49AM
Dow Jones News
By Ian Walker
Glencore PLC (GLEN.LN) said Tuesday that marketing earnings
before interest and taxes are expected to be around $2.8 billion
this year, and that it is focused on bolt-on acquisitions within
its existing commodities and geographies.
The Swiss-based commodity producer and marketer added that
illustrative 2018 earnings before interest, taxes, depreciation and
amortization for 2018 is $16.2 billion, based on current
spot/forward commodity prices.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
December 12, 2017 02:34 ET (07:34 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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