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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 1.29% 313.1 Delayed Quote.-20.74%
LME COPPER CASH -0.37% 6143 End-of-day quote.-14.45%
LME NICKEL CASH -1.37% 13680 End-of-day quote.7.80%
SILVER -1.27% 15.58 Delayed Quote.-6.56%
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