The company reported a $233 million net loss in the first half of the year, in contrast to a net profit of $4.568 billion in the previous year. The loss per share was 2 cents, in contrast to the earnings of 36 cents.
Adjusted EBITDA decreased by 33% to $6.335 billion, while adjusted EBIT dropped by 55% to $2.85 billion.
Revenue rose by 9% to $117.091 billion.
The company recorded around $1 billion in asset impairments, primarily impacting coal operations in South Africa.
Glencore's total debt went down by 26% to $3.648 billion.
In the last year, Glencore's market worth dropped by 11.2%, whereas the FTSE 100 stock index increased by 7.3%.
source: bloomberg.com
Adjusted EBITDA decreased by 33% to $6.335 billion, while adjusted EBIT dropped by 55% to $2.85 billion.
Revenue rose by 9% to $117.091 billion.
The company recorded around $1 billion in asset impairments, primarily impacting coal operations in South Africa.
Glencore's total debt went down by 26% to $3.648 billion.
In the last year, Glencore's market worth dropped by 11.2%, whereas the FTSE 100 stock index increased by 7.3%.
source: bloomberg.com
