Noble Group Limited on Monday reported an 39 per cent increase
in year on year net profit to US$194.89 million for the fiscal second
quarter ended June 30, 2012.
Turnover rose 23 per cent to US$24.22 billion from US$19.7 billion a year ago.
Earnings per share for the quarter was 3.06 US cents, compared to 2.19 US cents a year ago.
Year-to-date, the group reported an 11 per cent decline in year on year profit to US$304.91 million, despite a 19 per cent increase in year on year turnover to a record US$47.07 billion.
Record revenue was supported by record volume of 107 million tonnes. Additionally, operating income from supply chain was the second highest first half figure in the group's history, at US$856 million.
Noble said its revenue an earnings were driven by its energy coal and carbon complex division and revenue growth of its oil, gas and power division.
"Noble continues to execute on its strategy to structure and build out its business across the three main platforms of agriculture, energy and hards, supported by our logistics business," said CEO Yusuf Alireza.
"We see significant growth opportunities in each one of these platforms and expect market stress to provide us the opportunity to attract talent and invest in attractive assets to support our franchise," he said.
Turnover rose 23 per cent to US$24.22 billion from US$19.7 billion a year ago.
Earnings per share for the quarter was 3.06 US cents, compared to 2.19 US cents a year ago.
Year-to-date, the group reported an 11 per cent decline in year on year profit to US$304.91 million, despite a 19 per cent increase in year on year turnover to a record US$47.07 billion.
Record revenue was supported by record volume of 107 million tonnes. Additionally, operating income from supply chain was the second highest first half figure in the group's history, at US$856 million.
Noble said its revenue an earnings were driven by its energy coal and carbon complex division and revenue growth of its oil, gas and power division.
"Noble continues to execute on its strategy to structure and build out its business across the three main platforms of agriculture, energy and hards, supported by our logistics business," said CEO Yusuf Alireza.
"We see significant growth opportunities in each one of these platforms and expect market stress to provide us the opportunity to attract talent and invest in attractive assets to support our franchise," he said.
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