Glencore plc reports £1.36 billion of net loss in fiscal 2020.
The mining firm's net profit comes in at £500 million in H2. Glencore proposes 8.62 pence per share of dividend in 2021. Glencore plc (LON: GLEN) said on Tuesday that it returned to profit in H2 of fiscal 2020. The company, however, concluded the financial year in loss due to the ongoing COVID-19 crisis, but still resumed dividend payments for 2021 on the back of hawkish performance in the second half. Glencore shares were reported about 3% up in premarket trading on Tuesday. The stock jumped more than 0.5% on market open but lost over 1% in the next hour. Including the price action, the sto...
Source: invezz.com