• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Technology & Startups

Trafigura posts slight rise in first-half net profit, lower revenues

June 5, 2025
in Technology & Startups
Reading Time: 2 mins read
A A
0
4
SHARES
8
VIEWS
Share on FacebookShare on Twitter


By Robert Harvey

LONDON (Reuters) – Global commodity trading house Trafigura reported on Thursday that its net profit rose slightly on the year to about $1.52 billion in the first half of its 2025 financial year, while its revenues fell on lower average commodity prices.

The unlisted company’s net profit was up 3% from the first half of 2024, stabilising after a sharp drop in its 2024 full-year results, when the company discovered a $1.1 billion fraud in Mongolia and as major trading houses adjusted to an end to a record earnings period over 2022-2023.

The first half of its 2025 financial year, the six months to March 31, also coincided with a power transition at the Swiss-based trading house, with Richard Holtum taking over from Jeremy Weir as group CEO on January 1.

It also comes as commodity players grapple with global markets thrown into turmoil this year by heightened trade and geopolitical tensions.

“Increased volatility may not necessarily translate into physical trading opportunities, as current market movements are driven more by policy-focused decisions rather than traditional supply-demand disruptions, Trafigura Chief Financial Officer Stephan Jansma said, adding that he anticipated turbulence would continue in the second half of the year.

Group revenues for the period fell by 4% to $119.2 billion, because of lower commodity prices on average, the firm said in its results statement.

Trafigura, alongside rival traders including Vitol and Gunvor, reaped lower profits in 2024 as their boom period in 2022-2023, driven by the post-pandemic recovery and commodity price shocks in the wake of Russia’s invasion of Ukraine, came to an end.

Trafigura’s full-year net profit for 2024 was $2.8 billion, down from a record $7.4 billion in 2023.

OIL AND GAS VOLUMES UP, METALS DOWN

Trafigura’s first-half traded oil and gas volumes were unchanged on the year at around 7.2 million barrels per day.

Traded volumes of metals fell. Trafigura traded 9.9 million metric tons of non-ferrous metals, down from 10.4 million a year earlier, as it said it was focusing more on “profitable tonnages.”

Bulk minerals volumes fell to 43.4 million tons, from 54.7 million in the first half of 2024.

Trafigura will pay dividends totalling $1.537 billion for the period, which it said were mostly in relation to share redemptions.

(Reporting by Robert Harvey; Editing by Jamie Freed)

Tags: commodity pricecommodity pricescommodity tradingnet profitTrafigura
Previous Post

CRA goes after former Raptors star Norman Powell

Next Post

New Zealand parliament suspends Maori MPs who performed protest haka

Related Posts

Tesla stock rebounds after Trump-Musk blowup leads to $150 billion wipeout

June 6, 2025
2

What to expect from Apple’s WWDC event as Wall Street looks for AI gains

June 6, 2025
6
Next Post
New Zealand parliament suspends Maori MPs who performed protest haka

New Zealand parliament suspends Maori MPs who performed protest haka

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Police investigating if homophobia played a role in King of the Hill actor's killing

Police investigating if homophobia played a role in King of the Hill actor’s killing

June 6, 2025
Ukraine war 'existential', Russia says, launching revenge strikes

Ukraine war ‘existential’, Russia says, launching revenge strikes

June 6, 2025

Guliyev to lose 2012 Olympic medal after appeal of ban dismissed todayheadline

June 6, 2025
Hiring is slowing but still solid, with 139,000 jobs added in May

Hiring is slowing but still solid, with 139,000 jobs added in May todayheadline

June 6, 2025

Recent News

Police investigating if homophobia played a role in King of the Hill actor's killing

Police investigating if homophobia played a role in King of the Hill actor’s killing

June 6, 2025
5
Ukraine war 'existential', Russia says, launching revenge strikes

Ukraine war ‘existential’, Russia says, launching revenge strikes

June 6, 2025
4

Guliyev to lose 2012 Olympic medal after appeal of ban dismissed todayheadline

June 6, 2025
5
Hiring is slowing but still solid, with 139,000 jobs added in May

Hiring is slowing but still solid, with 139,000 jobs added in May todayheadline

June 6, 2025
2

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Cybersecurity
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Police investigating if homophobia played a role in King of the Hill actor's killing

Police investigating if homophobia played a role in King of the Hill actor’s killing

June 6, 2025
Ukraine war 'existential', Russia says, launching revenge strikes

Ukraine war ‘existential’, Russia says, launching revenge strikes

June 6, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co