Tuesday, 23 February 2016

Stock Market Updates - Noble Group to book S$1.68b impairment with Similar Effect on Stock investment



SINGAPORE: Mainboard -recorded Noble Group cautioned on Tuesday (Feb 23) it would report a net misfortune for the final quarter, when it additionally hopes to book US$1.2 billion (S$1.68 billion) of non-money disabilities and coincidental things because of the droop in coal and product costs.

Respectable, one of the world's greatest dealers of things from coal to iron metal, has been attempting to help financial specialist certainty after a wounding bookkeeping question.

It said it additionally hopes to report a net misfortune for 2015. Respectable is because of post its outcomes on Similar Effective on  Stock investment.

"Administration has verified that it is suitable to embrace a preservationist cost of US$55 per ton for warm coal, to guarantee that the coal portfolio will be secured against a conceivable situation of 'lower costs for more'," the organization said in an announcement to the Singapore Stock Investors .

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