Commodities trader Noble Group expects to report losses for both the fourth quarter of 2017 and the full year ended December 31, because of challenging trading conditions and substantial losses at its coal, steel and metals businesses.
Noble Group expects a total net loss of $4.7-4.9 billion for the year, it said in a filing to the Singapore Exchange.Operating conditions "continued to be challenging in [the fourth quarter of] 2017," it said.Noble expects to report a total net loss of $1.7-1.9 billion for the October-December period. About $50-100 million of this will be attributable to its thermal coal, carbon steel materials...