Noble commodity resultsThis article was originally published in Foodnews
NOBLE Group recorded a 77% increase in its first-quarter net profit, helped by strong volume growth and higher commodity prices. The Singapore-listed commodities trading firm reported a net profit of USD203 million, compared with USD115 million a year ago. Revenue soared 76% to a record USD20 billion. Ricardo Leiman, Noble Group's chief executive, said: "Our business performed well despite significant global unforeseen events, such as geopolitical disruptions and the Japanese earthquake."