Nordic says it was hit by higher financing costs, as well as heftier labour expenses no thanks to project delays.
Nordic Group has reported FY2023 earnings of $16 million, down 23% versus the preceding year. Revenue in the same period was held largely steady at $160.6 million.
The company plans to pay a final dividend of 0.588 cents, bringing the full-year payout to 1.589 cents, equivalent to a payout ratio of 40%.
