Trafigura Profit Rises as Increased Oil Volumes Boost Revenue
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Trafigura Beheer BV, a commodities trader that listed a $500 million bond earlier this month and is disclosing financial statements for the first time, said first-quarter profit rose 3.2 percent as oil revenue increased.
The closely held company, which listed its first perpetual subordinated bond on the Singapore stock exchange at a fixed rate of 7.625 percent this month, reported that profit in the first three months of the financial year ending Sept. 30, 2013 rose to $216.1 million from $209.5 million in the same period the previous year. Revenue climbed 7.9 percent to $31.2 billion.