Stock Earnings: Noble Group net profit fell 58%!

Noble Group may slide after reporting that its first-quarter net profit fell 58 pct year-on-year to 35.11 mln usd on softer freight rates, which weighed on contributions from its chartering division. Noble said contributions from its aluminum division remained weak, offsetting the higher contributions of its oil and grains businesses. Noble closed 0.04 sgd lower at 1.28 on Thursday.

Hong Kong-based commodities supplier Noble Group Ltd first quarter to March results: Sales - 2.79 bln usd vs 2.54 bln

Pretax profit - 41.86 mln usd vs 94.97 mln

Net profit - 35.11 mln usd vs 84.29 mln

EPS - 1.41 US cents vs 3.41