Glencore Xstrata Posts 2014 Net Loss
Glencore Xstrata PLC (OTC: GLNCY) posted a net loss in 2013.
Glencore Xstrata posted a net loss of $7.4 billion for the year, versus a year-ago net profit of $1 billion. However, analysts were expecting a net loss of $6.24 billion.
Its adjusted earnings before interest and taxes climbed 34% to $5.97 billion.
Glencore Xstrata shares closed at $10.86 yesterday.
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