Reported 19 days ago
Japanese trading company Itochu announced a 6% rise in its first-half profits, reaching $2.9 billion, largely due to growth in its food and FamilyMart convenience store sectors, despite lower prices in metals and energy. The firm sees a diversified portfolio as crucial for mitigating commodity price fluctuations, with plans to enhance its metal exposure by acquiring a significant stake in Brazil’s Companhia Siderúrgica Nacional's iron ore unit.
Source: YAHOO