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Wednesday, 18 October, 2017    LOG IN TO BTINVEST

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Noble

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0.385 - (-) 1,401.4 0.385 - 0.390

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Noble Group: Post 2Q17 Net Loss Of US$1.75 Billion Vs 2Q16 Net Loss Of US$54.9 Million.

10 Aug 2017 17:51 Strategic review undertaken under the direction of Chairman, Paul Brough, in the context of managing the Group's short-term liquidity challenges, while at the same time formulating a plan for a turnaround of the Group's business. Priority on further reducing the Group's debt over the next two years. Key decisions taken, including the sale of the North American Gas & Power business and monetization of the Global Oil Liquids business. Profitability impacted by challenging operating environment, exacerbated by market sentiment following the first quarter loss. US$1.3 billion of non-cash valuation adjustments taken to the balance sheet, resulting in a total reported net loss of US$1.9 billion. Clear steps undertaken to set the Group on a path to recovery and address challenges...
Attachments: Source: ShareInvestor Express
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