By
COMMODITY trading firms continued on their weak showing this quarter with Noble Group's earnings falling 68 per cent.
The largest commodity trader by revenue made net profit of US$62.8 million, down from US$194.8 million a year ago.
Revenue rose by 5 per cent from last year to US$25.3 billion.
But a larger increase in cost of sales and services, losses on supply chain assets and losses from associates eroded the bottomline.
The largest commodity trader by revenue made net profit of US$62.8 million, down from US$194.8 million a year ago.
Revenue rose by 5 per cent from last year to US$25.3 billion.
But a larger increase in cost of sales and services, losses on supply chain assets and losses from associates eroded the bottomline.
No comments:
Post a Comment