, Singapore

Noble raises alarm for net loss in FY15, Q4

Exceptional losses could reach $1.68b.

Noble has red-flagged its Q4 and FY15 earnings, warning its investors and shareholders to brace for a hefty net loss.

According to OCBC, the embattled company anticipates the loss after it took into consideration impairments against its investments (mainly coal), and its other supply chain assets where the exceptional losses could stack up to a whopping US$1.2b, or roughly $1.68b.

Moreover, this is on top of the sale of Noble Agri.

Management stresses, however, that the adjustments are non-cash items and will have no impact on its cash position or cash flows. It also emphasised that it expects to report positive cash flows from operations again in the last quarter of 2015.

Meanwhile, Noble is due to report its results after market closes on 25 February. 

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