You are here

Noble Q1 profit down 30%

Lower commodity prices and two associates' underperformance cited

NOBLEGROUPLEGAL150505.jpg
Weighed down by lower commodity prices and underperformance of two of its "major operational associates", commodities trader Noble Group's net profit for the first quarter ended March 31 plunged 30 per cent to US$106.6 million, from US$152.3 million a year ago.

Singapore

WEIGHED down by lower commodity prices and underperformance of two of its "major operational associates", commodities trader Noble Group's net profit for the first quarter ended March 31 plunged 30 per cent to US$106.6 million, from US$152.3 million a year ago. But it was a