Slight profit drop for Glencore

GLENCORE has posted only a modest drop in earnings, despite lower commodity prices. That said, its 2014 results beat expectations.

Slight profit drop for Glencore Slight profit drop for Glencore Slight profit drop for Glencore Slight profit drop for Glencore Slight profit drop for Glencore

Adjusted earnings before interest, tax, depreciation and amortisation were down only 2% to $US12.7 billion ($A16.2 billion), while adjusted EBIT was down 10% to $6.7 billion.

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