Trafigura’s half-year profit jumps

Trafigura's half-year profit jumps

Trafigura, one of the world’s largest independent traders of LNG, said its half-year net profit was USD654 million, an increase of 39 percent over the figure for the same period in 2014.

Gross profit rose by 58 percent year-on-year to USD1.517 billion, giving a gross trading margin of 3.1 percent, double the figure in the year-ago period, Trafigura said on Monday.

The principal contributor to the result was the Oil and Petroleum Products division, which generated gross profit of USD1.01 billion, an increase of 77 percent over the first half of 2014.

Group revenue in the first half was 24 percent lower than a year ago at USD48.238 billion, due entirely to lower commodity prices, Trafigura said.

LNG World News Staff; Image: Trafigura

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