Trafigura Nine-Month Profit Falls 33%, Cuts Stake in Puma Energy
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Trafigura Beheer BV’s profit fell 33 percent in its fiscal first nine months on lower oil and metal-price swings and rising costs. The commodity trader cut a stake in Puma Energy, owner of oil storage and retail gas stations.
Net income declined to $606.8 million in the nine months to June 30 from $903.2 million in the same period a year earlier, Amsterdam-based Trafigura said in a prospectus for a 500 million euro ($677 million) bond offer. Net turnover rose 7.4 percent to $99.1 billion, the world’s second-largest metals trader said.