Trading firm Noble slumps to $1.67bn loss

摘要

Hong Kong-based trading firm Noble slumped to a $1.67bnloss in 2015, hit by $1.9bn in one-off charges caused largelyby weaker coal prices and impairments form asset sales.Noble made a profit of $132mn in 2014. It warned earlierthis week it would take a $1.2bn impairment charge in thefourth quarter and report a loss for the period and 2015 asa whole as it planned for lower coal prices. Adjusted profitwas $244mn in 2015, after accounting for the one-off chargeand other items, down from $586mn a year earlier.