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Nordic Group posts 153.1% surge in earnings to $13.9 million in FY2021; declares final dividend of 0.76 cents

Amala Balakrishner
Amala Balakrishner2/22/2022 10:09 AM GMT+08  • 3 min read
Nordic Group posts 153.1% surge in earnings to $13.9 million in FY2021; declares final dividend of 0.76 cents
Net asset value per share stood at 25.2 cents in Dec 31 2021, compared to 22.8 cents at the end of the previous year.
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Nordic Group has reported earnings of $6.1 million in its 2HFY2021 ended Dec 31 2021, a 63.1% jump from the $3.6 million posted in the year before.

This follows a 12.8% rise in revenue to $58.9 million in 2HFY2021, amid a higher take up for its PS and MS segments.

For FY2021 ended Dec 31 2021, the company – which provides a range of system integration solutions and repair and maintenance works – posted earnings of $13.9 million, a 153.1% surge from the $5.5 million in FY2020.

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