Glencore has launched a $1bn (£792m) share buyback programme despite recording a 16 per cent drop in adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) in 2024. The firm’s EBITDA fell to $14.4bn, down from $17.1bn in 2023, while adjusted earnings before interest and tax (EBIT) fell by a third.
Despite the fall, the FTSE 100 mining giant announced today in its preliminary annual results that it will pay $2.2bn in shareholder returns through cash distributions and buybacks based on its performance in 2024. “The…Mining Giant Glencore to Return $2.2 Billion to Shareholders
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