Trafigura’s 2023 net profit hits record $7.4 billion

Image: Trafigura

Global commodities trader Trafigura posted a record net profit of about $7.4 billion for the financial year to the end of September, up 5% from a year earlier, even as windfall earnings in the wake of the war in Ukraine started to fade.

The Geneva-based private company made the bulk of its profit in the first half of the year.

Of the roughly $7.4 billion generated in the financial year ended Sept. 30, $5.5 billion was made in the first half, accounting for double the amount it earned for the same period of 2021-2022. The results mark a fourth year of record profits.

(By Natalie Grover and Pratima Desai; Editing by Veronica Brown and Mark Potter)


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