Daily Management Review

Trafigura earns record net profit in FY 2023


12/11/2023


Despite a drop in sales, one of the biggest commodities merchants in the world, Trafigura Group Pte Ltd, raised its net profit by 5% in the fiscal year 2023.



RomanDeckert
RomanDeckert
The corporation said that its net profit for the fiscal year that ended on September 30 was $7.4 billion, up from $7.03 billion the previous year.

The average price of raw materials declined, causing a 23% fall in revenue to $244.28 billion.

Equity in the corporation increased by 9% to reach a record high of $16.5 billion.

Furthermore, Trafigura announced a $5.92 billion payout, up from $1.71 billion in the previous year.

The Financial Times describes the company's net profits and dividends for the fiscal year as records.

source: ft.com