Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Noble Full-Year Profit Declines 48% on Loss From Yancoal Stake

Noble Group Ltd., Asia’s largest commodities trader by sales, said 2013 profit slumped 48 percent mainly due to a non-cash loss related to its stake in coal miner Yancoal Australia Ltd.

Net income was $243.5 million in the year ended Dec. 31, down from $471.3 million a year earlier, the Hong Kong-based company said today in a statement. That compares with the $288.7 million average of 17 analyst estimates compiled by Bloomberg. Sales were a record $97.9 billion.

Profit in the third-quarter was dragged down when Noble accounted for its share of Yancoal’s A$749.4 million ($675 million) loss in the first six months. Full-year results were also affected by an operating loss at its agricultural unit which faced “continued headwinds,” Noble said today.

“I am confident that Noble has taken the steps to ensure that our returns will start to normalize as our production partners find our customer franchise ever more valuable in an over supplied market,” Noble’s Chief Executive Officer Yusuf Alireza said today in the statement.

The stock slid 3.9 percent to 98.5 Singapore cents at the close of trading, bringing this year’s decline to 7.9 percent. The announcement was made after market trading.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.