Revenue for the Hongkong-based company for the three months to March jumped 87 per cent to US$11.4 billion, led by the Group’s energy segment.
Tonnage volume was 42.9 million metric tonnes with significant increases reported in each of the Group’s largest bulk commodities – coal and coke, grain and oil and gas.
Noble’s chairman Richard Elman said the firm is seeing the positive impact from its investments.
This includes Noble Petro, its United States-based oil storage and terminal business, as well as its expanding coal and coke operations which produced solid results.
Looking ahead, Noble said it is well positioned to grow its bulk commodities businesses.
The company is also investing money into building up a global capability to deal in petroleum and petroleum-linked products over the next five years.
Noble profit up 28%
05.07.2010 - NEWS
May 7, 2010 [Today Online] - Commodities player Noble Group said its net profit for Q1 rose 28 per cent to US$115 million ($159 million) from a year earlier.