Nordic Group Clarifies International Strategy and Financial Performance

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

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