SINGAPORE: Noble Group reported a net profit of US$107 million (S$147.7 million) for the first quarter, down 29.6 per cent from US$152 million a year ago.
This was on the back of a 7.3 per cent fall in revenue to US$16.64 billion for the three months ended March 31.
Noble said earnings last year were at a high base due to stronger energy market conditions.
The mainboard-listed commodity firm added that net profit improved by almost US$350 million compared to the fourth quarter last year, when a net loss of US$240 million was reported.
