April 3 (Reuters) - Global energy trader Gunvor on

Wednesday posted a net profit of $1.252 billion for 2023, it

said in a statement.

The Geneva-based trader's revenue fell to $127 billion from

$150 billion the previous year, reflecting the decline in

commodities prices, it added.

"The very high price volatility across energy commodities in

2022 gradually decreased over 2023, and prices normalized,

particularly in natural gas."

The trader had a record net profit of $2.36 billion for the

full year 2022.

Total trading volumes in 2023 increased to 177 million

metric tons, up from 165 million tons in 2022, driven by the

growth in staff and business lines.