The English News

Top Menu

  • About
  • Contact
  • Write for Us
  • Privacy Policy

Main Menu

  • Home
  • UK
  • US
  • Europe
  • International
  • Technology
  • Business
  • Sports
  • Travel
  • About
  • Contact
  • Write for Us
  • Privacy Policy

logo

The English News

  • Home
  • UK
    • The Toxic Legacy of the Roper-Curzon Family: racism, scandals, and obsession with ...

      25th April 2023
      0
    • United Kingdom Extends Household Support Scheme Until June

      United Kingdom Extends Household Support Scheme Until June

      15th March 2023
      0
    • British Prime Minister Creates Two New Ministries, Including One for Energy Security

      British Prime Minister Creates Two New Ministries, Including One for Energy Security

      7th February 2023
      0
    • Fear of Terrorism After Uranium Found at Heathrow Airport in London

      Fear of Terrorism After Uranium Found at Heathrow Airport in London

      11th January 2023
      0
    • Liz Truss New Prime Minister of the United Kingdom

      Liz Truss New Prime Minister of the United Kingdom

      5th September 2022
      0
    • The 4 Best UK Tours to Embark On This Autumn 2022

      The 4 Best UK Tours to Embark On This Autumn 2022

      16th August 2022
      0
    • United Kingdom Extends Household Support Scheme Until June

      Britain's Worst Rail Strike in 30 Years

      21st June 2022
      0
    • British Journalist Slams Republican Senator Ted Cruz With Critical Questions About Texas Shooting

      British Journalist Slams Republican Senator Ted Cruz With Critical Questions About Texas ...

      27th May 2022
      0
    • United Kingdom Extends Household Support Scheme Until June

      British Intelligence Confirms Russian Attacks on Azovstal

      6th May 2022
      0
  • US
    • Truck Drives into Security Barrier Near White House, Suspect Arrested

      Truck Drives into Security Barrier Near White House, Suspect Arrested

      23rd May 2023
      0
    • Facebook Founder Zuckerberg Charged With Ignoring Exploitation

      Facebook Founder Zuckerberg Charged With Ignoring Exploitation

      22nd March 2023
      0
    • Occidental Rises on Wall Street After Buffett Purchases

      Occidental Rises on Wall Street After Buffett Purchases

      8th March 2023
      0
    • Social Media Protection for the US Supreme Court

      Social Media Protection for the US Supreme Court

      21st February 2023
      0
    • Tesla Employees Want to Join a Union Against Work Pressure

      Tesla Employees Want to Join a Union Against Work Pressure

      14th February 2023
      0
    • American Arrested for Walking Calf on Red Square: I Wanted to Show Him the Capital

      American Arrested for Walking Calf on Red Square: I Wanted to Show ...

      1st February 2023
      0
    • Dozens Injured in Severe Turbulence on American Flight: Glad That Everyone Will Survive

      Dozens Injured in Severe Turbulence on American Flight: Glad That Everyone Will ...

      19th December 2022
      0
    • Democratic House Speaker Nancy Pelosi Re-elected

      Democratic House Speaker Nancy Pelosi Re-elected

      9th November 2022
      0
    • Corona Outbreak in iPhone Factory Can Severely Limit Production

      Corona Outbreak in iPhone Factory Can Severely Limit Production

      31st October 2022
      0
  • Europe
    • Finland will Join NATO on Tuesday

      Finland will Join NATO on Tuesday

      3rd April 2023
      0
    • Economists: Eurozone Inflation Will Also be Higher Than ECB target in 2025

      Economists: Eurozone Inflation Will Also be Higher Than ECB target in 2025

      13th February 2023
      0
    • EU Opens Ukrainian Crime Prosecution Centre in The Hague

      EU Opens Ukrainian Crime Prosecution Centre in The Hague

      2nd February 2023
      0
    • Disciplinary Committee Banks Again Imposes Heavy Punishment

      Disciplinary Committee Banks Again Impose Heavy Punishment

      17th January 2023
      0
    • Four Out of Five Cars Sold in Norway are Electric

      Four Out of Five Cars Sold in Norway are Electric

      3rd January 2023
      0
    • Every Year 35,000 Europeans Die From Drug Insensitivity

      Every Year 35,000 Europeans Die From Drug Insensitivity

      17th November 2022
      0
    • Warmest October Since the Start of Measurements in Spain

      Warmest October Since the Start of Measurements in Spain

      7th November 2022
      0
    • Poland Erects Fence Along Border With Russian Exclave of Kaliningrad

      Poland Erects Fence Along Border With Russian Exclave of Kaliningrad

      2nd November 2022
      0
    • EU Opens Ukrainian Crime Prosecution Centre in The Hague

      European Commission Still Sees Room for Gas Price Ceiling

      5th October 2022
      0
  • International
    • International Court of Justice Orders Myanmar to Take Measures for Rohingya

      International Court of Justice Orders Myanmar to Take Measures for Rohingya

      23rd January 2020
      0
    • Lebanese Hezbollah Calls for Revenge on the US

      Lebanese Hezbollah Calls for Revenge on the US

      3rd January 2020
      0
    • Greta's father: I Adjusted My Lifestyle, Not for the Climate, but to Save My Daughter

      Greta's father: I Adjusted My Lifestyle, Not for the Climate, but to ...

      30th December 2019
      0
    • Pope Francis Speaks Urbi and Orbi and Calls for Guaranteeing Safety in the Middle East

      Pope Francis Speaks Urbi and Orbi and Calls for Guaranteeing Safety in ...

      25th December 2019
      0
    • Five of Eleven Death Sentences after Journalist Khashoggi Murder

      Five of Eleven Death Sentences after Journalist Khashoggi Murder

      23rd December 2019
      0
    • Indian Rape Victim Who was Set On Fire has Now Died

      Indian Rape Victim Who was Set On Fire has Now Died

      7th December 2019
      0
    • Barnier

      Brexit Conversations Yielded Nothing

      15th October 2019
      0
    • Juncker Gives Johnson The Last Brexit Plan A Chance

      3rd October 2019
      0
    • Cristiano News

      "Not Messi, But Ronaldo Earned This Prize"

      26th September 2019
      0
  • Technology
    • Twitter is Making API Free Again for Public Notifications From Verified Accounts

      Twitter is Making API Free Again for Public Notifications From Verified Accounts

      5th May 2023
      0
    • Code That ChatGPT Writes is Usually Insecure

      Code That ChatGPT Writes is Usually Insecure

      24th April 2023
      0
    • Alternative Browser Vivaldi Arrives at Version 6.0

      Alternative Browser Vivaldi Arrives at Version 6.0

      18th April 2023
      0
    • Sharing Source Code Twitter Leaked on the Internet

      Sharing Source Code Twitter Leaked on the Internet

      27th March 2023
      0
    • Facebook Founder Zuckerberg Charged With Ignoring Exploitation

      Facebook Founder Zuckerberg Charged With Ignoring Exploitation

      22nd March 2023
      0
    • Advertising Rules for Virtual Coins: The Only Guarantee in Crypto is the Risk

      Advertising Rules for Virtual Coins: The Only Guarantee in Crypto is the ...

      20th March 2023
      0
    • Hugging Face and AWS will Collaborate for AI Creations

      Hugging Face and AWS will Collaborate on AI Creations

      22nd February 2023
      0
    • Social Media Protection for the US Supreme Court

      Social Media Protection for the US Supreme Court

      21st February 2023
      0
    • Google is Working on an iOS Browser That Violates App Store Rules

      Google is Working on an iOS Browser That Violates App Store Rules

      6th February 2023
      0
  • Business
    • Global Expansion Made Easy: Virtual IBANs for International Businesses

      22nd August 2023
      0
    • Why Your Business Needs Embedded Finance

      Why Your Business Needs Embedded Finance

      27th July 2023
      0
    • The Benefits of Embedded Finance: Why it is the Future of Financial ...

      22nd June 2023
      0
    • Kazakhstan Wants Money From Shell, Among Others, and is Going to Court

      Kazakhstan Wants Money From Shell, Among Others, and is Going to Court

      11th April 2023
      0
    • Advertising Rules for Virtual Coins: The Only Guarantee in Crypto is the Risk

      Advertising Rules for Virtual Coins: The Only Guarantee in Crypto is the ...

      20th March 2023
      0
    • United Kingdom Extends Household Support Scheme Until June

      United Kingdom Extends Household Support Scheme Until June

      15th March 2023
      0
    • Expensive Oil Gives Russia A $300 Billion Trade Surplus Despite War With Ukraine

      Expensive Oil Gives Russia A $300 Billion Trade Surplus Despite War With ...

      13th March 2023
      0
    • Occidental Rises on Wall Street After Buffett Purchases

      Occidental Rises on Wall Street After Buffett Purchases

      8th March 2023
      0
    • Tesla Employees Want to Join a Union Against Work Pressure

      Tesla Employees Want to Join a Union Against Work Pressure

      14th February 2023
      0
  • Sports
    • MotoGP Driver Bagnaia Apologizes for Drunk Driving

      MotoGP Driver Bagnaia Apologizes for Drunk Driving

      6th July 2022
      0
    • Djokovic Cancels Cincinnati Tennis Tournament

      Djokovic Cancels Cincinnati Tennis Tournament

      10th August 2021
      0
    • Japan Extends Corona Emergency Around Tokyo

      Japan Extends Corona Emergency Around Tokyo

      30th July 2021
      0
    • Andy Murray: Olympics can Offer Hope

      Andy Murray: Olympics can Offer Hope

      21st July 2021
      0
    • Czech Volleyball Beach Player Tests Positive in Olympic Games

      Czech Volleyball Beach Player Tests Positive in Olympic Games

      19th July 2021
      0
    • Tokyo Olympic Athletes Village Officially Opens

      Tokyo Olympic Athletes Village Officially Opens

      13th July 2021
      0
    • Japan Extends Corona Emergency Around Tokyo

      Advice From Japanese Doctors: Do Not Allow Spectators During Games

      18th June 2021
      0
    • Nadal Back in Second Place in the World Ranking After Tournament Win

      Nadal Back in Second Place in the World Ranking After Tournament Win

      26th April 2021
      0
    • Basketball Players LA Lakers Second Defeat in NBA

      Basketball Players LA Lakers Second Defeat in NBA

      29th December 2020
      0
  • Travel
    • The 4 Best UK Tours to Embark On This Autumn 2022

      The 4 Best UK Tours to Embark On This Autumn 2022

      16th August 2022
      0
    • Top 6 Campsites in Canada

      Top 6 Campsites in Canada

      18th December 2018
      0
    • Alberta-Canada

      10 Most Photogenic Places On Earth

      3rd May 2018
      0
    • HuaShanChina

      Hua Shan Trail In China

      1st May 2018
      0
    • Holiday

      5 Most Popular Holiday Destinations

      29th April 2018
      0
    • Khao Yai Travel

      Khao Yai- Heaven on Earth

      22nd April 2018
      0
    • Job in Australia

      10 Steps to Get A Job in Australia

      22nd April 2018
      0
    • Summer Camaaaaaaaps

      How to Enjoy a Great Time at Summer Camps?

      21st April 2018
      0
    • Perfect Lads Holidays

      4 Tips for Planning the Perfect Lads Holidays

      20th April 2018
      0
  • Global Expansion Made Easy: Virtual IBANs for International Businesses

  • Why Your Business Needs Embedded Finance

  • The Benefits of Embedded Finance: Why it is the Future of Financial Services

  • Truck Drives into Security Barrier Near White House, Suspect Arrested

  • Meager Russian May 9 Parade With Only One Old Tank

NewsRussiaUkraine
Home›News›War in Ukraine Helps Trafigura to a Record Profit of 7 Billion

War in Ukraine Helps Trafigura to a Record Profit of 7 Billion

By James Anderson
8th December 2022
262
0
Share:
War in Ukraine Helps Trafigura to a Record Profit of 7 Billion

The war in Ukraine has resulted in commodity trader Trafigura making a record profit of 7 billion dollars in the past financial year.

The sharp increase in energy prices due to the Russian invasion gave the oil trading division much more income, helped by the strong price fluctuations on the world market. The net profit is higher than all profits in the previous four years combined.

Compared to the 2021 financial year, profit doubled. Sales rose 38 percent to $318 billion. This increase is solely due to price increases. On the other hand, the volume of traded goods fell because Trafigura had to break supply contracts for Russian oil due to international sanctions.

According to chief financial officer Christophe Salmon, Trafigura oil traders had an “exceptionally good year”. They could also benefit from the significant price differences for that raw material in different parts of the world.

On the other hand, the metals division performed less well than a year earlier and posted a 24 percent lower operating profit than a year earlier. According to Trafigura, this was because lockdowns in China depressed global demand. In addition, the Nyrstar zinc smelter, majority owned by Trafigura, suffered from high gas and electricity prices. As a result, the Nyrstar factory in Budel in North Brabant temporarily stopped production due to high energy costs.

The higher profit is a fat pot for the board and commodities trader employees, who are company shareholders. They may distribute a total of $ 1.7 billion in dividends.

Although profits have risen sharply, the risks for Trafigura are also increasing. The company’s debt burden has grown to fund the trade, but the board expects the equity capital to be replenished enough to support that expanded balance sheet.

Previous Article

Belarusian Activist Kolesnikova Again Transferred From Hospital ...

Next Article

Dozens Injured in Severe Turbulence on American ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Prince Harry Elton John
    InternationalNewsUK

    Elton John Stands Up For Prince Harry

    19th August 2019
    By Clive Swift
  • Public Prosecutor Does Not Rule Out Criminal Complaints with Alec Baldwin
    EntertainmentNews

    Public Prosecutor Does Not Rule Out Criminal Complaints with Alec Baldwin

    27th October 2021
    By James Anderson
  • San Francisco Has Removed A Statue of Christopher Columbus
    NewsUS

    San Francisco Has Removed A Statue of Christopher Columbus

    19th June 2020
    By James Anderson
  • NASA Rejoices: Mars Explorer Perseverance Secures Rock Dust
    NewsTechnology

    Bezos Offers NASA $2 Billion for Lunar Lander Contract

    27th July 2021
    By James Anderson
  • Prime Minister Johnson's Cummings Adviser to Leave At the End of This Year
    NewsUK

    The United Kingdom is Taking New Measures Against Coronavirus

    22nd September 2020
    By James Anderson
  • Prince Harry and Prince William Quarrel Overshadowed the Reunion
    InternationalNewsUK

    Prince Harry And Meghan Markle Breach Royal Tradition

    12th September 2019
    By Clive Swift

  • Dave Limp
    NewsTechnology

    More Than 100 Million Devices With Amazon’s Voice Assistant Alexa Sold

  • British Journalist Slams Republican Senator Ted Cruz With Critical Questions About Texas Shooting
    NewsUS

    Officer Died in Shooting Around American Supermarket

  • Japan Again Withdraws Moderna Vaccines from Circulation
    JapanNews

    Japan Again Withdraws Moderna Vaccines from Circulation

Advertisement

Recent News

  • 23rd May 2023

    Truck Drives into Security Barrier Near White House, Suspect Arrested

  • 9th May 2023

    Meager Russian May 9 Parade With Only One Old Tank

  • 5th May 2023

    Twitter is Making API Free Again for Public Notifications From Verified Accounts

  • 2nd May 2023

    Xi Dismissed as a Traitor on Russian TV: Are We Friends or Not?

  • 26th April 2023

    Navalny Remains in Isolation Cell, New Trial Takes Place Behind Closed Doors

  • Recent

  • Popular

  • Global Expansion Made Easy: Virtual IBANs for International Businesses

    By James Anderson
    22nd August 2023
  • Why Your Business Needs Embedded Finance

    Why Your Business Needs Embedded Finance

    By James Anderson
    27th July 2023
  • The Benefits of Embedded Finance: Why it is the Future of Financial Services

    By James Anderson
    22nd June 2023
  • Truck Drives into Security Barrier Near White House, Suspect Arrested

    Truck Drives into Security Barrier Near White House, Suspect Arrested

    By James Anderson
    23rd May 2023
  • Meager Russian May 9 Parade With Only One Old Tank

    Meager Russian May 9 Parade With Only One Old Tank

    By James Anderson
    9th May 2023
  • Global Expansion Made Easy: Virtual IBANs for International Businesses

    By James Anderson
    22nd August 2023
  • Australia Authorised the Growing of Medical Cannabis

    Australia Authorised the Growing of Medical Cannabis

    By Clive Swift
    12th April 2018
  • How to Choose Car Insurance Coverage?

    Chinese Web Giant Alibaba is Working on Self-Driving Cars

    By James Anderson
    16th April 2018
  • Ghana Asks Mosques to Turn Down Noise and Use Whatsapp

    Ghana Asks Mosques to Turn Down Noise and Use Whatsapp

    By James Anderson
    17th April 2018
  • Smartphones Sales Fall by a Fifth in the Past Quarter Due to Corona

    Apple Removes Secret Photo App During A Police Investigation

    By James Anderson
    18th April 2018

The English News is a news & media updates magazine, we try to keep you posted with real English news. No fake news, everything we speak is hell true!

  • Recent

  • Popular

  • Global Expansion Made Easy: Virtual IBANs for International Businesses

    By James Anderson
    22nd August 2023
  • Why Your Business Needs Embedded Finance

    Why Your Business Needs Embedded Finance

    By James Anderson
    27th July 2023
  • The Benefits of Embedded Finance: Why it is the Future of Financial Services

    By James Anderson
    22nd June 2023
  • Truck Drives into Security Barrier Near White House, Suspect Arrested

    Truck Drives into Security Barrier Near White House, Suspect Arrested

    By James Anderson
    23rd May 2023
  • Meager Russian May 9 Parade With Only One Old Tank

    Meager Russian May 9 Parade With Only One Old Tank

    By James Anderson
    9th May 2023
  • Global Expansion Made Easy: Virtual IBANs for International Businesses

    By James Anderson
    22nd August 2023
  • Australia Authorised the Growing of Medical Cannabis

    Australia Authorised the Growing of Medical Cannabis

    By Clive Swift
    12th April 2018
  • How to Choose Car Insurance Coverage?

    Chinese Web Giant Alibaba is Working on Self-Driving Cars

    By James Anderson
    16th April 2018
  • Ghana Asks Mosques to Turn Down Noise and Use Whatsapp

    Ghana Asks Mosques to Turn Down Noise and Use Whatsapp

    By James Anderson
    17th April 2018
  • Smartphones Sales Fall by a Fifth in the Past Quarter Due to Corona

    Apple Removes Secret Photo App During A Police Investigation

    By James Anderson
    18th April 2018

Timeline

  • 22nd August 2023

    Global Expansion Made Easy: Virtual IBANs for International Businesses

  • 27th July 2023

    Why Your Business Needs Embedded Finance

  • 22nd June 2023

    The Benefits of Embedded Finance: Why it is the Future of Financial Services

  • 23rd May 2023

    Truck Drives into Security Barrier Near White House, Suspect Arrested

  • 9th May 2023

    Meager Russian May 9 Parade With Only One Old Tank

  • 5th May 2023

    Twitter is Making API Free Again for Public Notifications From Verified Accounts

  • 2nd May 2023

    Xi Dismissed as a Traitor on Russian TV: Are We Friends or Not?

© 2018 - TheEnglishNews. All Rights Reserved.