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Noble's 2013 profit down 48%

CEO acknowledges need for bottom line to 'improve substantially'

Published Fri, Feb 21, 2014 · 10:00 PM

Singapore

NOBLE Group's 2013 earnings tumbled 48 per cent as losses on supply chain assets and from associates spiked.

Net profit attributable to shareholders was US$243.5 million - missing the US$288.7 million average of 17 analysts' estimates in a Bloomberg poll.

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