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Trafigura Profit Surges Despite War Raising Trading Risks

  • Trader cuts volumes as risk jumps following Russian invasion
  • Trafigura’s first-half profit climbs to record $2.7 billion
Updated on

Trafigura Group posted record first-half profit, even after Russia’s invasion of Ukraine forced the commodities giant to pare back its activities as trading risk soared. 

Wild swings in prices and arbitrage opportunities helped to deliver net profit of $2.7 billion in the six months through March, Trafigura said in a report on Friday. At the same time, the war sharply increased risks as it upended markets, compelling the company to curb trading volumes and inventories.