December 1, 2016 / 8:00 AM / a year ago

RPT-Glencore says on track to cut debts, beats asset sales guidance

(Repeats with no changes)

LONDON, Dec 1 (Reuters) - Glencore > said on Thursday it had sold assets worth $6.3 billion this year, compared with previous guidance of $1-2 billion, and its debt reduction plan was nearly completed.

It said its earnings before tax and interest from its marketing unit should be at the higher end of a previously announced range of $2.5 billion to $2.7 billion.

“We have delivered on our commitments and done so in a way that has preserved the long-term earnings capability of the group,” CEO Ivan Glasenberg said in a statement.

Reporting by Barbara Lewis; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below