Home Capital Results

Nordic posts 23% rise in 3Q earnings to $4.4 mil on higher revenue

Samantha Chiew
Samantha Chiew11/9/2017 8:3 PM GMT+08  • 2 min read
Nordic posts 23% rise in 3Q earnings to $4.4 mil on higher revenue
SINGAPORE (Nov 9): Nordic Group announced that 3Q17 earnings increased by 23% to $4.4 million compared to $3.6 million in 3Q16.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 9): Nordic Group announced that 3Q17 earnings increased by 23% to $4.4 million compared to $3.6 million in 3Q16.

Revenue for the quarter increased by 25% to $26.8 million from $21.4 million last year, mainly due to increase in revenue from the maintenance services segment contributed by Ensure which was acquired in April 2017.

The group’s maintenance service segment saw an 83% increase in revenue to $10.4 million from $5.70 million last year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.