Nordic Group Bags SG$72 Million Worth of Contracts; Shares Up 3%
MT Newswires
Aug 07
Nordic Group (SGX:MR7) secured new contracts worth around SG$71.5 million across several industries, according to a Friday filing with the Singapore Exchange.
Around SG$59.7 million worth of contracts came from the Engineering Solutions Group and SG$11.8 million from the Engineering Services Group.
Meanwhile, defense contracts account for SG$19.7 million and SG$19.5 million were marine and offshore contracts.
The marine and offshore contracts cover a series of 76 vessels with deliveries scheduled from the third quarter of the year till the fourth quarter of 2027.
Shares of the engineering services company were up nearly 3% in Friday trading.
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