Noble Q1 net profit down 62%
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An employee walks past a sign of Noble Resources, a Noble Group subsidiary, at their premises in Singapore, on March 6, 2015.
PHOTO: REUTERS
Marissa Lee
SINGAPORE - Noble Group has posted a net profit of US$40.5 million in the first quarter, down 62 per cent from US$106.6 million in the same period a year ago.
Revenue in the three months ended March 31 was US$11.39 billion, 32 per cent lower from US$16.6 billion a year ago.
First quarter earnings per share was US$0.0054, down from US$0.0154 a year earlier.
Net asset value per share was US$0.52 as at March 31, up from US$0.50 as at Dec 31.
