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Noble falls into the red; expects margins to normalise next year

Group posts net loss of US$54.9 million for Q2, in contrast to net profit of US$62.6 million in the previous year

Mr Elman urged investors not to judge the group's value and progress by a 3-month yardstick.


NOBLE Group sank into the red in the second quarter as a lack of working capital constrained its businesses. And with raising liquidity now its overriding priority, the group said it is expecting profit margins to normalise only next year.

The commodity trading group...

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