LONDON, Aug 5 (Reuters) – Glencore GLEN.L will return $2.Eight billion to shareholders after hovering commodity costs helped the mining and buying and selling firm to a report efficiency for the primary six months of the 12 months, it mentioned on Thursday.
The London-listed firm’s first-half adjusted earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) rose 79% to $8.7 billion, in contrast with $4.Eight billion a 12 months earlier, beating the $8.Four billion anticipated by analysts polled by Refinitiv.
(Reporting by Clara Denina and Zandi Shabalala Modifying by David Goodman )
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