NOTE: There will be no news updates over February 16-23 due to Chinese New Year holiday.

Terms & Conditions | Privacy Policy | Mysteel.com

Home
/
Market Insights
/
News
/
Article

Noble flags a $5 billion net loss for 2017

Source: Mysteel Feb 23, 2018 10:57

Singapore-listed Noble Group posted a net loss at $4.78-4.98 billion for 2017, and it is awaiting the proposed debt-for-equity plan to rescue itself out of the serious lossmaking, according to the company's announcement on February 19.

Singapore-listed Noble Group posted a net loss at $4.78-4.98 billion for 2017, and it is awaiting the proposed debt-for-equity plan to rescue itself out of the serious lossmaking, according to the company’s announcement on February 19.Noble estimated its net loss for the fourth quarter of 2017 at $1.73-1.93 billion,