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Noble auditors raise doubts on company as a going concern
But board is confident in it continuing as a going concern until revamp is complete, which could be in a few weeks
Add BT as a preferred sourcePublished Wed, Feb 28, 2018 · 09:50 PM
Singapore
NOBLE Group said it is expecting to reach a final conclusion on its restructuring plan with some of its creditors in a few weeks, or even days, as it announced a loss of US$4.94 billion for 2017 and its auditor flagged concerns over the group's ability to continue as a going concern.
The group recorded a net profit of US$8.7 million in 2016.
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