LONDON — Trafigura expects another strong trading performance in its financial year that began on Oct. 1 and one of the global commodities trader's main aims will be to make newly acquired zinc firm Nyrstar profitable, the chief financial officer said. Despite stellar trading figures in the year that ended on Sept. 30, particularly from its oil business, Trafigura still reported its lowest annual net profit in almost a decade after a string of losses in its physical asset portfolio. "We’ve had probably our strongest start to our financial year from a trading perspective, with a special mention to oil again," Christophe Salmon said of the outlook to the new year. "If I had to mention one example it's freight and chartering. There's a lot going on with the IMO change and other external events," he told Reuters after the firm published results for its 2019 financial year.

Source: International New York Times December 12, 2019 14:58 UTC