Xstrata Plc Reported a 12% Increase in Full-Year Profit

Bloomberg reported that Xstrata Plc (LSE:XTA) has decided to merge with Glencore International Plc (LSE:GLEN) and has reported a 12% increase in full-year profit.

As quoted in the market news:

Net income before exceptional items rose to $5.79 billion from $5.15 billion a year earlier, Zug-based Xstrata said in a statement.

Click here to read the full Bloomberg report.