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.
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
Companies & Markets
Apple profit ebbs as iPhone sales under pressure
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result