I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Friday 21 February 2014

Noble's 2013 profit down by nearly half


NOBLE Group's 2013 earnings tumbled 48 per cent to US$243 million, as losses on supply chain assets and from associates spiked.

Net profit attributable to shareholders fell to US$243.5 million, from US$471.3 million a year ago. This translates to earnings of 3.4 US cents per share, compared with 7.06 US cents before.

Revenue inched up 4 per cent to US$97.8 billion.

The group's losses on supply chain assets spiked from US$488,000 in 2012 to US$65.8 million, while its share of losses from associates rose seven-fold from US$14.8 million to US$106.1 million.


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