Noble posts $5 bn loss in 2017, decrease in traded metal volumes

By Justin Yang / February 28, 2018 / www.metalbulletin.com / Article Link

Noble Group made a net loss of $4.94 billion in the 2017 financial year ended December 31, the company said on Wednesday February 28.

This compares with net profit of $8.14 million in 2016. The losses included $3.24 billion of exceptional items recorded during the period from Noble's continuing operations, which included results from the hard commodities, freight and light natural gas segment. The company's metals, minerals and ores segment posted revenue of $3.67 billion in 2017, down 25% year-on-year. Volumes in the segment also fell to 45.31 million tonnes, a decrease of 32%. Noble's base metals...

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