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Nordic Group reports earnings of $17.5 mil for FY2024, up 10% y-o-y

Nicole Lim
Nicole Lim • 2 min read
Nordic Group reports earnings of $17.5 mil for FY2024, up 10% y-o-y
The group saw higher revenue for 2HFY2024, driven by strong recovery in its project services segment in Singapore and Malaysia after an orderbook replenishment in 1HFY2024.
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Nordic Group has reported earnings of $17.5 million for the FY2024 ended Dec 31, 2024, up 10% y-o-y. Earnings for the 2HFY2024 came in 53% y-o-y higher at $9.0 million.

Earnings per share for FY2024 came in at 4.4 cents per share, up 10% y-o-y. 

Revenue for FY2024 was 1% y-o-y lower at $158.4 million, but grew 15% y-o-y in 2HFY2024 to $82.2 million.

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