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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 11 May 2011

Noble Q1 net profit soars 77% as revenue hits record high

SINGAPORE - Singapore-listed commodities trading firm Noble Group reported a 77 per cent rise in its first quarter net profit on Wednesday, helped by strong volume growth and higher commodity prices.

The company, which has interests ranging from Brazilian sugar to Australian coal, reported a net profit of US$203 million compared to US$115 million a year ago.

Revenue of the Hong Kong-based company soared 76 per cent to a record US$20 billion. It is the only major global commodity trading house with a public listing.

'Group quarterly volume of 50.1 million metric tonnes, up 17 per cent compared to the first quarter of 2010. Record Group quarterly revenue resulted from the combination of higher commodity prices and higher volume,' the firm said in a statement.

Noble said last week South Korean sovereign wealth fund Korea Investment Corp (KIC) had acquired slightly over one per cent in the company through a purchase from a vehicle associated with Noble founder and chairman Richard Elman. -- REUTERS
Posted by Createwealth8888 at 19:58
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails