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

Published Mon, Feb 19, 2018 · 09:50 PM

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

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here