World Grain - December 2009 - 13

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Noble Group sees third-quarter gains
HONG KONG, CHINA - Noble Group announced on Nov. 11 that third-quarter revenues were up 17%, while the company's
year-to-date revenues for 2009 were down
26% and gross profits were down 30%.
Excluding one-off gains, Noble Group reported a third-quarter net profit of $132 million, compared to $95 million in the second
quarter. It was the highest quarterly profit in
Group history.
According to financial data, Noble Group
also reported year-to-date revenues of $21.6
billion compared to $29.3 billion in 2008.
Gross profits were $805.4 million compared
to 1.15 billion in 2008. The company's Agriculture segment recorded year-to-date revenues of $5.2 billion compared to $7.8 billion in 2008.
Group net profit was $471 million for the
first nine months of 2009, the highest ninemonth total in Noble Group history. Excluding one-off gains earlier in the year, adjusted
net profit was $317 million compared to
$372 million for the corresponding period
in 2008. The Group's net profit margin of
1.47% represents the highest nine-month net
profit margin since 2005.
"Noble's results for the third quarter
and year to date have been very solid,"
said Chairman David Eldon. "The growth
in Group tonnage was outstanding. A 23
percent year-on-year increase was well
supported with so many of our business
divisions reporting record volume growth.
Given the new records established during
the last nine months and for the quarter, we
believe it is evident that Noble is performing well."

Russia's ports triple grain shipments
MOSCOW, RUSSIA - During the first nine
months of 2009, shipment volumes of export
cargoes in Russia's sea ports increased by
10.4% compared to the same period of the
previous year, to 285.2 million tonnes, including 15.3 million tonnes of grain - triple
the amount from last year, the Association
of Sea Trading Ports of Russia reported on
Oct. 29.
Overall, shipments of dry cargoes totaled 146.4 million tonnes (up 0.2%), while
bulk cargoes were 222.3 million tonnes (up
13.9%). Shipment volumes of transit cargoes
through Russian sea ports grew by 16.4%
compared to same period last year, to 33.4
million tonnes, at the expense of crude petroleum products.

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World Grain - December 2009

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