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GENEVA Jan 11 Swiss-based Trafigura
had revenues of around $120 billion in 2012 and near a record
high, its website showed, in what may herald another boom year
for private trading houses.
The 2012 sales were $120.4 billion and near the all-time
high of $121.6 billion reached in 2011.
Trafigura, the world's third biggest trader of raw
materials, does not report its profits publicly, although in
previous years they have been around 1 percent of revenues.
Its 2012 profits were about $1 billion for the second
straight year, in a year of higher staff costs and new
investments, the Financial Times reported.
Like many of its peers, Trafigura has expanded beyond just
trading and last year snapped up oil storage and distribution
assets in Asia where commodities growth is strongest.
Trafigura said it has no immediate plans to emulate Glencore
by floating its Puma Energy subsidiary.
(Reporting by Emma Farge; editing by Jane Baird and Keiron