Nordic Group's Net Profit Jumps 9% in Q1; Shares Up Over 1%

MT Newswires

07-01

Nordic Group's (SGX:MR7) net profit jumped 9% during the first quarter of the year to SG$4.5 million from SG$4.1 million a year earlier, according to a filing with the Singapore Exchange late Monday.

Earnings per share rose to SG$0.011 compared with SG$0.01 in the comparable period.

Revenue was up 19% year over year to SG$41.6 million from SG$35.0 million, mainly due to strong growth in the Structural Engineering & Construction segment.

Shares of the company were up over 1% in recent trading.

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