Glencore returns 2 billion dollars to shareholders after reporting lower annual earnings
The mining giant reported adjusted earnings of 13.51 billion dollars for last year. Despite a slight dip, the firm will return capital to its shareholders.
Insights:
Glencore plc reported on Wednesday that its adjusted EBITDA for the year fell by 6 percent to $13.51 billion, down from $14.36 billion in the previous year. Alongside the earnings report, the company announced it would return $2 billion of capital to its shareholders. This financial update comes as the mining sector observes the company's capital allocation choices following a period of significant corporate activity.
