Singapore's Nordic Group HY revenue, net profit rise
Singapore's Nordic Group HY revenue, net profit rise
Overview
Singapore industrial services firm's half-year revenue rose 3% yr/yr
Net profit for the half-year increased 21% yr/yr
Gross profit for the half-year increased 7% yr/yr
Outlook
Group's outstanding orderbook at S$254.3 mln, deliveries to be fulfilled over the next 36 months
Result Drivers
GROSS PROFIT GROWTH - Gross profit rose 7% yr/yr, contributing to higher operating profits
LOWER FINANCE COSTS - Finance costs, supporting profit growth
REDUCED FX LOSSES - Foreign exchange losses decreased
Company press release: ID:nSN6vr3hn
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Gross Margin |
| 23.60% |
|
H1 Revenue |
| S$87.24 mln |
|
H1 EBITDA Margin |
| 17.10% |
|
Reuters Recommended Reads
Aug 7 - Singapore's Beng Kuang Marine HY revenue rises
Aug 5 - Singapore's Hock Lian Seng half-year revenue falls 50.9%, posts loss
Aug 5 - Singapore's Koh Brothers Eco Engineering posts half-year net loss as costs surge
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)