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Noble's 2013 profit down 48%

CEO acknowledges need for bottom line to 'improve substantially'

MR ALIREZA 'Our headline net profit masks the fact that our underlying operating performance improved as the year progressed.' - PHOTO: BLOOMBERG

Singapore NOBLE Group's 2013 earnings tumbled 48 per cent as losses on supply chain assets and from associates spiked. Net profit attributable to shareholders was US$243.5 million - missing the US$288.7 million average of 17 analysts' estimates in a Bloomberg poll. This translates to earnings of

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