Glencore at $7.4B loss in 2013

GLENCORE Xstrata posted a $US7.4 billion ($A8.3 billion) loss for 2013 despite identifying $2.4 billion in annual synergies from its merger with Xstrata in May.

Glencore at $7.4B loss in 2013 Glencore at $7.4B loss in 2013 Glencore at $7.4B loss in 2013 Glencore at $7.4B loss in 2013 Glencore at $7.4B loss in 2013

The performance compares to a $1 billion profit in 2012 and marks a rocky start in a landmark year for the enlarged company, which included a push for large development projects and cost-cutting