Reported 2 months ago
Trafigura has reported a slight increase in first-half net profit to $1.52 billion, reflecting a 3% rise compared to last year, despite previous significant losses from a fraud scandal. The trading firm warned of heightened market volatility in 2025, driven more by political factors than traditional supply-demand dynamics, which may limit trading opportunities. Additionally, revenue dipped by 4% due to lower commodity prices, and the company now faces a leadership transition as Richard Holtum takes over as CEO.
Source: YAHOO