Noble Group Sees Pandemic Disruption Continuing as It Posts Loss
- Trader posted a $46 million net loss in the 3rd quarter
- Trading conditions remain challenging, executive chairman says
Photographer: Nicky Loh/Bloomberg
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Noble Group Holdings Ltd., the embattled commodity trader which underwent a massive restructuring, extended earnings losses and warned that coronavirus-led disruptions to global supply chains could continue into the first quarter of next year.
The company posted a net loss of $46 million in the third quarter, taking its nine-month loss to $377 million, as the pandemic impacted markets, according to a statement on Friday.