Glencore turns half-year profit

GLENCORE returned to profit in the first half of 2014, citing marketing growth, production expansion and synergies related to its acquisition of Xstrata last year.

Glencore turns half-year profit Glencore turns half-year profit Glencore turns half-year profit Glencore turns half-year profit Glencore turns half-year profit

Net income was $US1.7 billion ($A1.8 billion) for the half, compared to a $9.4 billion loss reported for the year-ago period, when a $7.6 billion goodwill impairment dented the newly merged entity.