Noble Group chairman says year has started off well for firm
[SINGAPORE] Noble Group Ltd chairman Richard Elman said the year had started off well for the commodities trader, which has been the subject of critical reports over its accounting policies.
"I can say comfortably that the year has started off much better for us than the last year," Mr Elman said at Noble's annual shareholders' meeting in Singapore on Friday, which Reuters attended. Noble has rejected the criticism about its accounting practices.
Mr Elman is Noble's biggest shareholder and owns about a fifth of the company's shares.
In February, Noble unexpectedly reported its first quarterly loss in three years due to asset write-downs.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Axiata, Sinar Mas move closer to US$3.5 billion telco merger
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen