Singapore's Noble shares continue slide after Q1 loss

Image
Reuters SINGAPORE
Last Updated : May 12 2017 | 7:07 AM IST

SINGAPORE (Reuters) - Shares in Singapore-Listed Noble group tumbled 20 percent early on Friday to their lowest level since 2002 after a surprise quarterly loss a day earlier.

Noble reported a quarterly loss of $129.3 million for January-March period, stoking worries the commodity trader was failing to recover from a crisis-wracked two years despite a deep restructuring.

Its shares were trading down 20 percent at S$0.70 as of 0109 GMT.

(Reporting by Miyoung Kim)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 12 2017 | 6:53 AM IST

Next Story