Glencore Sees 2017 Marketing EBIT of $2.8 Billion

By FeaturesDow Jones Newswires

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.

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(END) Dow Jones Newswires

December 12, 2017 02:34 ET (07:34 GMT)