Noble Group posts $206 mln Q1 loss; cites impact of Covid-19 on supply chains

Hong Kong's Noble Group notched a $206 million loss in the first quarter of 2020, with the company citing the breaking of supply chains due to the Covid-19 outbreak as the key reason for the slump, the trading group announced on Tuesday June 23.

“Q1 was dominated by the impact of the Covid-19 pandemic, which has had far-reaching implications for every business and sector, including ours,” Noble chairman Jim Dubow said.
“We expect 2020 to be uniquely volatile as the full effects of the pandemic are felt across the global economy.”

Noble, which restructured in 2018...

Published

Archie Hunter

June 23, 2020

19:05 GMT

London