Subscribers

Noble warns of Q4 loss of US$1.7-1.9 billion

Full-year net loss expected at between US$4.8 billion and US$5 billion

Singapore

NOBLE Group has warned of a net loss surpassing the billion-dollar mark for the three months ended Dec 31, 2017 - the group's fourth consecutive quarterly net loss - and also for the full year.

In its profit guidance issued on Monday, the group said it is expecting a fourth-quarter net loss in the range of US$1.7 billion to US$1.9 billion, bringing full-year net loss to between US$4.8 billion and US$5 billion.

Noble's Q4 loss comprises an adjusted net loss from its continuing hard commodities,...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes