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SINGAPORE : Mainboard-listed commodities player Noble Group said on Wednesday that its third quarter net profit dropped 11 per cent on-year to US$132.1 million.
The fall came as revenue dropped 11 per cent to US$8.36 billion.
Still, the firm is upbeat about its performance. Excluding one off gains, it said the reported third quarter net profit was the highest quarterly profit in its history.
For the first 9 months of the year, Noble said its net profit of US$471 million was also the highest 9-month total in its history.
The global supply chain manager of agricultural, metal and energy products said it also handled record tonnage levels for the first 9 months of the year.
It handled more than 133 million metric tons, an increase of 23 per cent over the corresponding 9-month period in 2008.
Noble said it has seen good momentum in its financial performance so far, and is confident it can continue to successfully expand its business. - CNA /ls
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