Noble responds to SGX queries on Q2 results
Commodities trader gives breakdown of US$1.2b exceptional loss
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
NOBLE Group provided a breakdown of various writedowns after trading hours on Friday, in response to queries by the Singapore Exchange (SGX) on its financial results for the second quarter ended June 30.
In its results released earlier in August, the beleaguered commodities trader fell deeper into the red for the second quarter, recording a loss of US$1.75 billion, as a result of trading losses in its oil liquids business and US$1.2 billion in one-off charges.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
