Singapore's Noble shares continue slide after Q1 loss

Reuters  |  SINGAPORE 

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Singapore's Noble shares continue slide after Q1 loss

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.

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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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