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Nordic Group posts 22% increase in 2Q earnings to $3.7 mil

The Editor
The Editor • 2 min read
Nordic Group posts 22% increase in 2Q earnings to $3.7 mil
SINGAPORE (Aug 22): Nordic Group saw earnings increase 22% to $3.72 million in 2Q17 from $3.06 million in 2Q16.
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SINGAPORE (Aug 22): Nordic Group saw earnings increase 22% to $3.72 million in 2Q17 from $3.06 million in 2Q16.

The group’s revenue increased by 10% to $24.0 million in 2Q17 from $21.8 million in 2Q16, mainly attributed to additional revenue source from Ensure Engineering to the group’s Maintenance Services business unit.

For the 1H17 ended June, earnings rose 22% to $6.5 million as revenue grew 6% to $44 million.

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