Noble's Q2 profit up 5% as volumes rise
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NET profit for Noble Group rose 5 per cent to US$65.8 million for the second quarter on the back of larger volumes , even as the group continues to transform itself into an asset-light firm through partnerships across all of its three product platforms.
The largest commodity trader in Asia recorded revenue of US$23.6 billion for the three months ended June 30, up from US$20.9 billion a year ago.
It moved 72.3 million tonnes of goods, compared with last year's 57.7 million tonnes.
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