By andrea soh
HIT by losses from Yancoal Australia, of which it owns 13 per
cent, Noble Group's third quarter profit plunged 70 per cent to US$22.9
million.
Revenue rose 13 per cent to US$25.6 billion.
Noble suffered a loss of US$7.1 million on its supply chain assets, compared with a profit of US$8.13 million last year.
An additional loss of US$90.1 million from its share in associates' results further eroded the bottomline. Last year it recorded $822,000 in share of profits from associates.
Revenue rose 13 per cent to US$25.6 billion.
Noble suffered a loss of US$7.1 million on its supply chain assets, compared with a profit of US$8.13 million last year.
An additional loss of US$90.1 million from its share in associates' results further eroded the bottomline. Last year it recorded $822,000 in share of profits from associates.
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