PROFIT & LOSS

Glencore goes above and beyond after strong 2017

Diversified miner Glencore (LN:GLEN) has recommended a US$2.9 billion dividend to shareholders after recording a 44% jump in EBITDA in 2017 thanks to stronger commodity prices and better than expected marketing performance.

Last year was Glencore's strongest ever financial 12-month period, according to CEO Ivan Glasenberg

Last year was Glencore's strongest ever financial 12-month period, according to CEO Ivan Glasenberg

It said in its preliminary results on Wednesday that the dividend of $0.20 per share to be paid in two equal payments was above its policy of a fixed $1 billion base plus 25% of industrial cash flows....

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