Commodities
Trafigura Traders Enjoy 188% Share Price Gain on Profit Boom
- Commodity trader is owned by about 1,200 of its top employees
- Energy market volatility has helped drive profit for traders
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The price of Trafigura Group shares rose 188% in its financial year to September, the latest sign of how commodity trading houses are reaping huge profits for the relatively small group of traders and executives who control many of the industry’s biggest players.
Trafigura executives were informed of the gain after the privately owned company concluded its most recent financial year at the end of September, according to people familiar with the matter, who asked not to be identified describing private information. The trading house is set to report its annual results in the coming weeks.