Trafigura Gross Margin Widens After Oil, Coal Volumes Climb
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Trafigura Beheer BV, the world’s third-largest oil trader, said its full-year gross margin improved after trading larger volumes of crude and coal.
The margin, a key measure of profitability for trading houses, widened to 1.6 percent from 1.4 percent, the Amsterdam-based company said today on its website. Trafigura paid $885.3 million to buy back shares from the senior managers and more than 600 employees that own the company, according to its annual report. Revenue fell 0.4 percent to $127.6 billion.