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Glencore Xstrata Posts 2014 Net Loss

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Glencore Xstrata Posts H1 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.

Posted-In: lossEarnings News

 

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