The mining company and commodities trader said its full-year adjusted underlying earnings (EBITDA) was $14.76 billion. This rise was slightly above the expectation of $14.67 billion.
The company’s shares gained 4% on Tuesday after it had its “strongest-ever” full-year performance; underlying earnings just beating market forecast.
Glencore‘s full-year marketing EBIT was $3 billion.
Ivan Glasenberg, CEO of Glencore, said that the company’s performance was the “strongest on record, driven by our leading marketing and industrial asset businesses.”
An aggregate distribution of $0.20 per share for 2018 was recommended by the company, payable in two equal payments. This is unchanged from last year.
At mid-morning trading, Glencore’s shares were up to 399.65p.