Trafigura profit declines 53% despite 'strong performance' in metals, minerals business

By Karen Ng / June 14, 2018 / www.metalbulletin.com / Article Link

Commodities trading house Trafigura reported a 53% decline in net profit for the first half of fiscal 2018, despite a 'strong performance' from its metals and minerals trading division.

Trafigura's total profit across all divisions for the six months ended March 31, 2018, fell to $221.8 million, compared with $470.5 million in the same period a year ago, the company announced on Wednesday June 13.The company attributed the fall in profitability primarily to the oil market shifting...

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