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Noble Group reports $1.75 billion Q2 loss, warns of tough environment

Reuters  |  SINGAPORE 

By Anshuman DagaSINGAPORE (Reuters) - Commodities trader Noble Group reported a second quarter loss of $1.75 billion on Thursday, its biggest in 1-1/2 years which it had flagged last month, as well as a rise of more than $900 million in net debt in the first half.Once Asia's largest commodities trading house, Noble is slimming down to its core Asian coal-trading business. Last month, it announced the sale of its U.S. gas and power business and began a process to sell its oils liquids unit."Conservative liquidity management, scaling back of risk positions and constraints placed on the Group's ...

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First Published: Thu, August 10 2017. 17:49 IST