Noble's Q3 profit soars to US$153.9m

Singapore

NOBLE Group posted third-quarter net profit of US$153.9 million, almost seven times the US$22.9 million a year ago, thanks to increased trading volumes and a turnaround profit on the group's supply chain assets.

Revenue rose 7 per cent to US$23.3 billion, from US$21.8 billion a year ago, as the largest commodity trader in Asia handled a third more volume.