glencore reported a drop in firsthalf profit after the weakening of energy markets inflationary pressures and limited global economic growth contributed to the material decline of commodity prices in the period the angloswiss commodity mining and trading company on tuesday reported net profit of 457 billion for the six months ended june 30 compared with 1209 billion a year earlier adjusted earnings before interest taxes depreciation and amortizationa closely watched figuredecreased 50 on year to 940 billion reflecting the normalization of energy market imbalances and volatility from 2022 levels net debt stood at 154 billion at the end of june from 75 million at the end of last year glencore said it has lifted the total 2023 shareholder returns to around 93 billion through a special cash distribution of around 1 billion and a 12billion buyback program planned to run until the release of fullyear results in february 2024 looking ahead the company said that moderating inflation and supportive government policy in china across enduser sectors are bringing a more positive macroeconomic backdrop in the second half