Noble's Q2 profit up 5% as volumes rise

NET profit for Noble Group rose 5 per cent to US$65.8 million for the second quarter on the back of larger volumes , even as the group continues to transform itself into an asset-light firm through partnerships across all of its three product platforms.

The largest commodity trader in Asia recorded revenue of US$23.6 billion for the three months ended June 30, up from US$20.9 billion a year ago.

It moved 72.3 million tonnes of goods, compared with last year's 57.7 million tonnes.