Major independent trading house Trafigura cites its own business expansion as the reason for 2012 earnings having slipped from record numbers achieved a year earlier, even as its gross profit margin -- a key measure of profitability for the core trading business -- grew yearon- year to 2.3% from 1.9%. Newly available figures for the Dutch-registered company’s financial year to end-September 2012 also show its trade of crude oil specifically fell by 7.4 million tons year-on-year, to total 39.8 million tons through the period.
展开▼
