Gunvor Group Ltd (Gunvor), an independent commodity trading house, has released results for the year ended 31 December 2019:
- Total trading volumes increased to 198 million t from 184 million t the year prior, mainly due to an increase in the trading of natural gas and LNG (of which Gunvor delivered 16 million t of LNG in 2019).
- Revenue for 2019 was US$75 billion, a decrease from US$87 billion in 2018, reflecting changes in the price of commodities during the year.
- Net profit after taxes for 2019 was US$381 million.
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