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Mercuria Energy Group achieved an 88% growth in profits for the first half of the fiscal year, recording a net profit of $1.09 billion. This was supported by fluctuations in commodity prices and services related to energy and metals markets. The company directed its liquidity toward increasing shareholders’ equity, which reached $7.13 billion by the end of March, up from $6.04 billion in September. It also expanded its investment in assets and debt by 75% to $5.09 billion, including a takeover deal for a copper mine in Kazakhstan. Mercuria expects to achieve annual profits ranging between $2.3 billion and $3.2 billion, based on high returns from market volatility.
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