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Glencore, earnings and dividends grow

The world's largest commodity trading company closes 2011 with earnings up 7% and debt down 12% – Announced a dividend of 10 cents per share.

Glencore, earnings and dividends grow

Glencore closes 2011 with positively useful. The Swiss commodity trading giant listed on the London Stock Exchange archives last year's accounts with gains in del% increase 7 compared to 2010, up to 4,06 billion dollars. Also revenues increase (+28%), reaching 186 billion. Net financial debt, on the other hand, fell 12% to $12,9 billion.

Strengthened by these accounts, the company has announced the distribution of a dividend equal to 10 cents per share. From Glencore they let it be known that 2012 also started in a positive way, and that there is optimism about the growth in demand from emerging countries in the short term.

Last month the Swiss company launched a friendly offer to buy Xstrata mining, of which it already controls 34%.

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