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Glencore Sees 2017 Marketing EBIT of $2.8 Billion

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12/12/2017 | 08:35am CEST

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 [email protected]; @IanWalk40289749

Stocks mentioned in the article
ChangeLast1st jan.
GLENCORE 0.26% 381.45 Delayed Quote.-2.40%
LME COPPER CASH -0.04% 6939 End-of-day quote.-3.37%
LME NICKEL CASH -6.81% 14640 End-of-day quote.15.37%
SILVER -0.83% 16.923 Delayed Quote.1.07%
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