Glencore says full-year results ‘best ever’

Glencore on Wednesday announced full-year overall adjusted profit of $14.76 billion, in line with expectations, in addition to said its full-year marketing adjusted EBIT was $3 billion, above the range the item flagged at the end of last year.

Chief Executive Ivan Glasenberg in a statement said the performance was the company’s “strongest on record, driven by our leading marketing in addition to industrial asset businesses.”

A consensus of analysts compiled by Thomson Reuters I/B/E/S forecast EBITDA (earnings before interest, tax, depreciation in addition to amortisation) of $14.67 billion.

Miner in addition to trader Glencore in December in an update for investors said its 2017 marketing EBIT (earnings before interest in addition to tax) could be at the top end of its previous guidance at $2.8 billion.

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