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Nordic wins $5.1 mil worth of contracts via subsidiaries

Michelle Zhu Published on Mon, Oct 23, 2017 / 5:59 PM GMT+8

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SINGAPORE (Oct 23): Three wholly-owned subsidiaries of Nordic Group have won a number of contracts amounting to $5.1 million from both new and repeat customers, comprising multinational corporations and companies in the marine, oil & gas (O&G), infrastructure and petrochemical industries.

In a Monday announcement, the group says it does not expect the contracts to have a material impact on its consolidated net tangible assets (NTA) and earnings per share (EPS) for the current financial year.

Multiheight Scaffolding (MHS) has secured the highest value of contracts from repeat customers worth about $2.5 million in total, for the provision of labour and materials to perform scaffolding works which are to commence from 4Q17 and complete by 4Q18.