Nordic Group Limited

MR7

SG2C45963924

Construction & Engineering

Market Closed - Singapore S.E. Other stock markets 03:51:56 2024-04-29 am EDT			5-day change	1st Jan Change
0.31 ^SGD	+1.64%		-6.06%	-13.89%

Apr. 22	Nordic Group Unit Completes Sale of Singapore Factory	MT
Apr. 13	Nordic Group Limited Announces Retirement of Lee Kim Lian Juliana as Independent Director, Chairwoman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee	CI

Nordic Secured Approximately SGD 36.6 Million Worth of Contracts

December 08, 2023 at 04:31 am EST

The Board of Directors of Nordic Group Limited announced that its System Integration, Precision Engineering, Scaffolding, Insulation, Petrochemical & Environmental Engineering, Cleanroom, Air and Water Engineering Solutions and Structural Engineering and Construction Services have recently clinched several contracts with a total value of approximately SGD 36.6 million. The contracts are with repeat customers - comprising of multinational companies and companies in the marine, offshore oil and gas, petrochemical, semiconductor, infrastructure and security industries sectors. The details are as follows: System Integration division secured approximately SGD 2.2 million of capital and adhoc contracts for manufacture of valves and actuators, control and tank gauging systems. These systems will mainly be delivered in fourth quarter 2024 and first quarter 2025.

Precision Engineering division secured approximately SGD 3.2 million for machining services and mechanical assembly. The contracts will mainly complete in fourth quarter 2023. Scaffolding and Insulation divisions secured approximately SGD 1.9 million for scaffolding work.

The contracts are mainly for maintenance of 2 years and 3 years ending in third quarter 2025 and fourth quarter 2026. Petrochemical & Environmental Engineering divisions secured approximately SGD 15.9 million for maintenance and operation of plant and equipment at certain public infrastructures. These projects are mainly for 2 and 3 years ending in third quarter 2025 and fourth quarter 2026.

Cleanroom, Air and Water Engineering Solutions division secured ad-hoc and maintenance contracts of approximately SGD 13.1 million of which SGD 8.4 million is for contracts in Malaysia. These contracts are for tools hook-up services, and supply, install and maintaining scrubber systems. These projects will mainly complete in fourth quarter 2024. Structural Engineering and Construction Services division secured an adhoc project of $0.3 million to supply security detention doors.

This contract will complete in first quarter 2024.

Latest news about Nordic Group Limited

Nordic Group Unit Completes Sale of Singapore Factory	Apr. 22	MT
Nordic Group Limited Announces Retirement of Lee Kim Lian Juliana as Independent Director, Chairwoman of the Nominating Committee and Member of the Audit Committee and Remuneration Committee	Apr. 12	CI
Nordic Group’s 2023 Attributable Profit Declines	Apr. 11	MT
Nordic Group Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2023, Payable on 17 May 2024	Apr. 11	CI
Nordic Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Nordic Group Buys Back Shares	Jan. 03	MT
Nordic Group Limited commences an Equity Buyback for 39,736,100 shares, representing 10% of its issued share capital, under the authorization approved on April 24, 2023.	Jan. 03	CI
Singapore's Straits Times Index Starts Week Flat; CNMC Goldmine Shares Rise 3% as Unit Signs 10-Year Sales Contract	Dec. 26	MT
Nordic Group Unit Acquires Avon Industries for SG$5 Million	Dec. 25	MT
Singapore Index Starts Week in Red; Nordic Shares Fall 5% as Net Profit Drops 18% in January-September Period	Dec. 11	MT
Nordic Group's Net Profit Drops 18% in January-September Period; Shares Down 4%	Dec. 10	MT
Nordic Group Secures Nearly SG$37 Million Worth of Contracts from Repeat Customers	Dec. 08	MT
Nordic Secured Approximately SGD 36.6 Million Worth of Contracts	Dec. 08	CI
Nordic Group Unit to Potentially Buy Aerospace and Infrastructure Engineering Firm	23-10-05	MT
Purchaser Exercises Option to Acquire Singapore Property from Nordic Group	23-08-28	MT
Nordic Group Secures Nearly SG$41 Million Worth of Contracts from Repeat Customers	23-08-28	MT
Nordic Group's Net Profit Drops 13% in H1	23-08-08	MT
Nordic Group Limited Declares Tax Exempt One-Tier, Interim Dividend, Payable on 4 September 2023	23-08-07	CI
Nordic Group Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-07	CI
Nordic Group's Net Profit Zooms 11% in Q1	23-06-27	MT
Nordic Group Limited Announces Executive Changes	23-05-08	CI
Nordic Group Limited Declares Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2022	23-04-24	CI
Nordic Group Limited's Equity Buyback announced on May 26, 2022, has expired.	23-04-23	CI
Nordic Group Limited Proposes Final One-Tier Tax Exempt Dividend for the Financial Year Ended 31 December 2022	23-04-17	CI
Singapore Stocks End Higher; TeleChoice Shares Plummet 10% on Recording Three Straight Years of Losses	23-04-05	MT

Chart Nordic Group Limited

Duration

Period

More charts

Company Profile

Nordic Group Limited is a Singapore-based solutions provider. The Company's precision engineering operations is based in Suzhou, People's Republic of China (PRC). Its division includes System Integration; Maintenance, Repair, Overhaul and Trading; Precision Engineering; Scaffolding; Insulation Services; Petrochemical and Environmental Engineering Services; and Cleanroom, Air and Water Engineering Services. System Integration division turns systems into solutions by providing flow, automation, and navigation solutions. Maintenance, Repair, Overhaul and Trading division provides after-sales service support for the marine, oil & gas, and infrastructure industries. Precision Engineering division designs and builds tooling systems, and provides turnkey production solutions for the aerospace, marine, oil and gas, and electronic manufacturing industries. Scaffolding Services division provides scaffolding and alternative access solutions for the oil & gas, petrochemical, and marine industries.

Sector

Construction & Engineering

Calendar

10:00pm - Annual General Meeting

More about the company

Income Statement Evolution

More financial data

Sector Other Construction & Engineering

	1st Jan change	Capi.
NORDIC GROUP LIMITED	-13.89%	89.46M
VINCI	-2.59%	67.67B
LARSEN & TOUBRO LIMITED	+3.03%	59.37B
QUANTA SERVICES, INC.	+21.63%	38.3B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	+11.23%	30.73B
FERROVIAL SE	+2.48%	26.35B
CHINA RAILWAY GROUP LIMITED	+22.89%	22.01B
WSP GLOBAL INC.	+15.00%	19.47B
CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED	+23.28%	17.6B
EMCOR GROUP, INC.	+64.34%	16.64B