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.
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