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Noble Reports Record Profits
NEW YORK - Feb 26/08 - SNS -- Noble Group reported a net profit of U.S. $258.1 million on revenues of $23,497 million for the 2007 fiscal year ending December 31, compared to a net of $134.5 million on sales of $13,765 million the previous fiscal year.
The company's fourth quarter 2007 results showed revenues reaching $7.8 billion, a 98% increase over the fourth quarter 2006. Gross profits for the fourth quarter were a record US$293 million, a 41% increase over the US$208 million level for the same period in 2006.
Noble's net income for the year was nearly double the 2006 results at $258 million. Net income for the fourth Quarter was $98 million, the highest quarterly profit in the Group's history, and a 92% increase over the fourth quarter, 2006 level of US$51 million.
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