As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Tuesday, 12 November 2013

Noble Q3 profit plunges 70%

HIT by losses from Yancoal Australia, of which it owns 13 per cent, Noble Group's third quarter profit plunged 70 per cent to US$22.9 million.

Revenue rose 13 per cent to US$25.6 billion.

Noble suffered a loss of US$7.1 million on its supply chain assets, compared with a profit of US$8.13 million last year.

An additional loss of US$90.1 million from its share in associates' results further eroded the bottomline. Last year it recorded $822,000 in share of profits from associates.

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