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Noble back in the black with full-year profit of US$8.7m

Better margins, lower impairment charges, gains from asset sales help it reverse billion-dollar loss

Published Mon, Feb 27, 2017 · 09:50 PM

Singapore

NOBLE Group said it is positioned to resume business as usual in 2017, after returning to the black for its full year 2016 results.

An improvement in gross profit margins, much lower impairment charges and gains from the disposal of Noble Americas Energy Solutions (NAES) helped the group to post a net profit of US$8.7 million, a reversal from its net loss of US$1.67 billion in 2015.

Noble's loss per sh…

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