Singapore-Noble Group Ltd. reported a 92 percent increase in net profits and a 71 percent increase in revenues for the year ending Dec. 31, 2007. Net profit was $258.1 million on revenues of $23.5 billion versus 2006’s $134.5 million and $13.8 billion, respectively. Noble noted that in January, Fitch Ratings said that in the midst of the global credit squeeze, Noble was rated investment grade while Standard & Poor’s at the same time upgraded the company to positive from stable.
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