NOBLE Group's 2013 earnings tumbled 48 per cent to US$243 million, as losses on supply chain assets and from associates spiked.
Net profit attributable to shareholders fell to US$243.5 million, from US$471.3 million a year ago. This translates to earnings of 3.4 US cents per share, compared with 7.06 US cents before.
Revenue inched up 4 per cent to US$97.8 billion.
The group's losses on supply chain assets spiked from US$488,000 in 2012 to US$65.8 million, while its share of losses from associates rose seven-fold from US$14.8 million to US$106.1 million.
Net profit attributable to shareholders fell to US$243.5 million, from US$471.3 million a year ago. This translates to earnings of 3.4 US cents per share, compared with 7.06 US cents before.
Revenue inched up 4 per cent to US$97.8 billion.
The group's losses on supply chain assets spiked from US$488,000 in 2012 to US$65.8 million, while its share of losses from associates rose seven-fold from US$14.8 million to US$106.1 million.
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