Concord eyes protectionism-driven arbs for traders after tripling profits, doubling vols in 2017

摘要

London-based metals merchant Concord Resources is eyeing opportunities brought about by resource nationalism and protectionism, after announcing results that show how the company's rapid expansion accelerated through 2017.Concord tripled its net profit after tax, bringing in $20.73 million over 2017 - its second full trading year - representing a 23.9% gross return on average equity.