The Singapore-listed commodities trader says it expects to report a net loss for 2015.
SINGAPORE: Mainboard-listed Noble Group warned on Tuesday .
It said it likewise hopes to report a net misfortune for 2015. Respectable is because of post its outcomes on Thursday.
"Administration has confirmed that it is proper to receive a preservationist cost of US$55 per ton for warm coal, to guarantee that the coal portfolio will be secured against a conceivable situation of 'lower costs for more'," the organization said in an announcement to the Singapore stock trader.
"This estimating is US$14 per ton underneath the normal business sector accord value," it included.
Respectable's shares have lost about 70 for every penny of their worth over the previous year after Iceberg Research affirmed it was blowing up its benefits by billions of dollars. Respectable rejected the cases and board-designated experts PricewaterhouseCoopers discovered it had conformed to worldwide bookkeeping rules include There Comex tips Provider .
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