nordic group ltd (NRD) Snapshot

Nordic Group Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $12,207,000 compared to $15,149,000 reported a year ago. Profit before tax from continuing operations was $899,000 compared to $1,107,000 reported a year ago. Profit from continuing operations, net of tax was $852,000 compared to $850,000 reported a year ago. Profit attributable to owners of the parent, net of tax was $852,000 or 0.2 cents per basic and diluted share compared to $850,000 or 0.2 cents per basic and diluted share reported a year ago. Net cash generated from operating activities was $1,500,000 compared to $261,000 reported a year ago. Purchase of property, plant and equipment was $1,046,000 compared to $513,000 reported a year ago.

Nordic Group Limited, Annual General Meeting, Apr 26, 2013., at 10:00 Singapore Standard Time. Location: 8 WILKIE ROAD #03-01 WILKIE EDGE. Agenda: To receive and consider the Directors' Report and Audited Accounts for the financial year ended 31 December 2012 and the Auditors' Report thereon; to declare a first and final exempt (one-tier) dividend of 0.25 cents per ordinary share for the financial year ended 31 December 2012; to re-elect Ms Teo Ling Ling who is retiring in accordance with Article 104 of the company's Articles of Association, as a Director; to re-elect Mr. Hew Koon Chan who is retiring in accordance with Article 104 of the company's Articles of Association, as a director; to approve the directors' fees of SDG 100,000 for the financial year ending 31 December 2013, payable half-yearly in arrears; to re-appoint Messrs RSM Chio Lim LLP as Auditors of the company and to authorise the Directors to fix their remuneration; and to consider other resolutions.

Nordic Group Limited announced unaudited Group financial results for the fourth quarter and fiscal year ended December 31, 2012. For the quarter, the company reported revenue of SGD 12,708,000 against SGD 17,215,000 for the same period a year ago. The decrease was mainly due to decrease in revenue from the Systems Integration and Precision Engineering business segments. Profit before tax from continuing operations was SGD 740,000 against loss before tax from continuing operations of SGD 237,000 for the same period a year ago. Profit from continuing operations net of tax was SGD 946,000 against SGD 43,000 for the same period a year ago. Profit attributable to owners of the parent, net of tax was SGD 946,000 against SGD 43,000 for the same period a year ago. Net cash generated from operating activities was SGD 2,569,000 against SGD 992,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 3,827,000 against SGD 913,000 for the same period a year ago. Earnings per diluted share were 0.2 cents against 0.01 cents a year ago. For the full year, the company reported revenue of SGD 60,268,000 against SGD 49,806,000 for the same period a year ago. The increase was mainly due to new revenue stream from the Multiheight Group which was acquired since 1 July 2011, partially offset by decrease in revenue from the Systems Integration business segment. Profit before tax from continuing operations was SGD 5,255,000 against SGD 1,727,000 for the same period a year ago. Profit from continuing operations net of tax was SGD 4,562,000 against SGD 1,773,000 for the same period a year ago. Profit attributable to owners of the parent, net of tax was SGD 4,562,000 against SGD 1,773,000 for the same period a year ago. Net cash generated from operating activities was SGD 10,544,000 against SGD 3,517,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 5,700,000 against SGD 1,525,000 for the same period a year ago. Earnings per diluted share were 1.1 cents against 0.44 cents a year ago. Net asset value per share was 10.2 cents. Net asset value was SGD 40,709,000. The company announced first and final cash dividend of 0.25 cents per ordinary shares tax exempt (one-tier) for the fiscal year ended December 31, 2012. The proposed dividend is subject to the approval of shareholders at the forthcoming annual general meeting.