This Canadian company is ranked the 'highest quality growth story' in North American retail by a BofA Securities analyst
Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: theglobeandmail.com
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It's records all round for Glencore in 'terrific' 2021
2021 was a terrific year for the company, Glencore CEO Gary Nagle said on Tuesday, when he reported record earnings before interest tax depreciation and amortisation (Ebitda) of $21.3-billion, a record marketing performance Ebit of $3.7-bilion, and a record industrial business performance of $17.1-billion Ebitda. As a result, net debt of $6-billion is now significantly below the London- and Johannesburg-listed company’s cap of $10-billion, which opened the way for a $4-billion distribution back to shareholders, made up of cash of $3.45-billion and a share buyback of $550-million. (Also w...
Source: polity.org.za
Glencore's earnings rocket 84% to $21.3bn
Diversified mining and marketing company Glencore on Tuesday announced 84% higher financial results for the year, with earnings before interest tax depreciation and amortisation (Ebitda) rising to $21.3-billion. Looking forward, Glencore CEO Gary Nagle said the company remained focused on its strategy to deliver decarbonisation and meet increasing demand for everyday metals, “while responsibly meeting energy needs of today”.
Source: polity.org.za