Glencore Xstrata Posts H1 Loss
Glencore Xstrata PLC (OTC: GLNCY) posted a net loss in the first half of the year.
Glencore Xstrata posted a net loss of $8.92 billion in the period, versus a year-ago net profit of $2.28 billion.
Its adjusted EBIT declined 28% to $3.18 billion, versus analysts' estimates of $2.97 billion.
Glencore Xstrata shares closed at $9.55 yesterday.
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