In brief

Guocoland doubles earnings

GUOCOLAND'S earnings more than doubled in the third quarter ended March 31, as its cost of sales rose by a slower pace than its revenue. The firm recorded a net profit of S$49.5 million, up from S$21.5 million a year ago. This translated to earnings per share of 4.24 cents, compared with 1.72 cents in Q3 last year. Its revenue increased 21 per cent to S$325.9 million.

Noble's US$2.25b facility