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Nordic Group Limited ( (SG:MR7) ) has provided an update.
Nordic Group Limited is addressing shareholder inquiries about its international expansion and financial performance. The company has strategically established overseas offices to align with growth opportunities, primarily managing these through partnerships and agency agreements. Despite a noted discrepancy in reported margins, Nordic clarified that its project services segment has historically yielded higher margins compared to maintenance services, contributing to increased net profits in recent quarters.
More about Nordic Group Limited
Nordic Group Limited, headquartered in Singapore, operates in the industrial sector with a focus on providing project and maintenance services. The company has expanded its presence internationally with offices in Asia, the Middle East, Europe, and South America, leveraging strategic partnerships and agency agreements.
YTD Price Performance: -5.71%
Average Trading Volume: 60,523
Technical Sentiment Signal: Buy
Current Market Cap: S$128M
For an in-depth examination of MR7 stock, go to TipRanks’ Stock Analysis page.