Noble Q3 earnings down 84% in absence of one-time gains

Singapore

NOBLE Group on Thursday sought to emphasise its positive cashflow in the third quarter even as it said quarterly net profit had plunged 84 per cent from a year ago on the back of a smaller drop in revenue.

The firm also announced that its chief financial officer (CFO) has stepped down due to health-related reasons and will assume a different role, and that an acting CFO has been appointed with effect from Thursday this week.