You are here

Noble's 2013 profit down 48%

CEO acknowledges need for bottom line to 'improve substantially'

MR ALIREZA 'Our headline net profit masks the fact that our underlying operating performance improved as the year progressed.' - PHOTO: BLOOMBERG


NOBLE Group's 2013 earnings tumbled 48 per cent as losses on supply chain assets and from associates spiked.

Net profit attributable to shareholders was US$243.5 million - missing the US$288.7 million average of 17 analysts' estimates in a Bloomberg poll.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to