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.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

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Thursday 12 August 2010

Noble's Q2 net profit falls 65% despite record quarterly revenue

By ANGELA TAN


commodities related Noble Group Ltd reported on Thursday that its net profit for the second quarter ended June 30, 2010 fell 65 per cent from a year ago to US$85.88 million.

Excluding one-off gains, the adjusted quarterly net profit was US$47.2 million in second quarter 2010 compared to US$94.8 million in second quarter 2009.

The group achieved a record quarterly revenue of US$12.92 billion, up 80 per cent from a year ago.

The higher revenue level was due to the comparably higher commodity prices compared to a year ago as well as the shift in its revenue composition to include higher priced oil and gas products.
Posted by Createwealth8888 at 20:24
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