Noble Issues a New Profit Warning

Noble Issues a New Profit Warning

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses a company's significant quarterly losses, which nearly reached $2 billion, and the impact of exceptional items and write-downs. The focus is on the fourth quarter losses, which amounted to $100 million, and the company's negative net asset position. The discussion also covers the implications for a debt restructuring deal and the potential legal challenges from shareholders. The company plans to release its earnings on February 28th, which may provide more clarity on its financial situation.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the approximate total loss for Noble Group in 2017?

6 billion U.S. dollars

2 billion U.S. dollars

5 billion U.S. dollars

3 billion U.S. dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the loss from continuing operations in the fourth quarter?

200 million U.S. dollars

50 million U.S. dollars

150 million U.S. dollars

100 million U.S. dollars

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What financial position did the company report in the fourth quarter?

Stable net asset position

Break-even net asset position

Negative net asset position

Positive net asset position

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When is Noble Group expected to release its earnings report?

April 28th

March 28th

February 28th

January 28th

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the company's stance on its ability to operate until restructuring is completed?

It is uncertain

It is confident

It is pessimistic

It is doubtful