Noble Group Posts 62% Fall in First-Quarter Profit

Noble Group Ltd. said first-quarter profit fell 62 percent as Asia’s largest commodity trader also secured $3 billion in financing.

Net income in the three months ended March was $40 million, compared with $107 million a year ago, while revenue declined 32 percent to $11.4 billion from $16.6 billion, the Hong Kong-based company said in a statement Thursday.

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