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Noble Q3 earnings down 84% in absence of one-time gains

Commodity trading group expects to raise US$500m from asset disposals and other transactions

From left: Paul Jackaman, who is now acting group CFO following the stepdown of CFO Robert van der Zalm, Noble president Will Randall and CEO Yusuf Alireza.


NOBLE Group on Thursday sought to emphasise its positive cashflow in the third quarter even as it said quarterly net profit had plunged 84 per cent from a year ago on the back of a smaller drop in revenue.

The firm also announced that its chief financial officer (CFO) has