BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Glencore PLC (GLCNF.PK, GLNCY.PK, GLEN.L) reported that its preliminary 2023 net income attributable to equity holders was $4.28 billion, down 75% from last year. Earnings per share was $0.34 compared to $1.32. FFO was $9.45 billion, a decline of 67%. Adjusted EBITDA was $17.10 billion, down 50% from prior year, primarily reflecting the rebalancing and normalisation of international energy trade flows, with coal and LNG, and to a lesser extent, oil prices materially declining. Net income, pre-significant items, was $6.7 billion, down 65%. Fiscal year revenue was $217.83 billion, a decline of 15% from prior year.
'For 2024, basis 2023 cash flows, we are recommending to shareholders a $0.13 per share, or approximately $1.6 billion base cash distribution, comprising $1 billion from Marketing cash flows and 25% of Industrial attributable cash flows.'
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
