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Noble responds to SGX queries on Q2 results

Commodities trader gives breakdown of US$1.2b exceptional loss

Published Fri, Aug 18, 2017 · 09:50 PM

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.

In its filing, Noble disclosed the breakdown of its US$1.2 billion exceptional loss related to non-cash hard commodit…

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