Moving Energy Forward
Gunvor Group Results 2016
Gunvor Group Ltd (“Gunvor”), one of the world’s leading independent commodities trading houses, today released results for the year ended 31 December 2016:
REVENUE:
US $47 billion
VOLUMES:
187 million MT
NET PROFIT AFTER TAXES:
US $315 million
“Gunvor’s sound management and clear strategy has enabled the company’s continued growth and uninterrupted run of profitable operations,” said Gunvor Group CFO Jacques Erni. “We are now reaching into new geographies with new investments and trading, backed by a strong liquidity position.”
Among activities undertaken by Gunvor in 2016 were the acquisition of an oil refinery in The Netherlands, the successful commissioning of a new products terminal in Indonesia, and an investment in Paraguay. In addition, the company opened new trading offices in Houston, Texas and Stamford, Connecticut.
About Gunvor Group
Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor has strategic investments in industrial infrastructure—refineries, pipelines, storage and terminals—that complement our core trading activity and generate sustainable value across the global supply chain for our customers
“Gunvor’s sound management and clear strategy has enabled the company’s continued growth and uninterrupted run of profitable operations,”
Gunvor Group CFO Jacques Erni