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PR Newswire
16-05-2014, 01:33 PM
NOBLE Group led the value gainers on the Singapore Exchange on Friday after its first quarter earnings beat analysts' expectations.
The commodity giant saw its shares rise to S$1.28 each, before trading around S$1.27, up 4.5 cents, or 3.67 per cent. A staggering 36.33 million shares changed hands.
The Hong Kong-based trader said on Thursday evening that net profit more than trebled to US$152 million (S$190 million) from a year ago, led by better performance in the energy and metals segment and lower losses in the agriculture business.
The firm notched up an operating profit of US$497.5 million from supply chains - its second-highest quarterly operating profit ever - which was 30 per cent higher than a year ago.
The commodity giant saw its shares rise to S$1.28 each, before trading around S$1.27, up 4.5 cents, or 3.67 per cent. A staggering 36.33 million shares changed hands.
The Hong Kong-based trader said on Thursday evening that net profit more than trebled to US$152 million (S$190 million) from a year ago, led by better performance in the energy and metals segment and lower losses in the agriculture business.
The firm notched up an operating profit of US$497.5 million from supply chains - its second-highest quarterly operating profit ever - which was 30 per cent higher than a year ago.