- Revenue : FY2016 vs FY2015 -- +2%
- Cost of Sales : FY2016 vs FY2015 -- -3%
- Gross Profit ...
On 17th Mar 2017, I decided to divest 48.39% stake of my Nordic Group share at $0.32 netting me a capital gain of 207.60%, 19.95% of dividend return (excluding the final dividend of 0.731 cents being announced) and a total gain of 227.45%. Bought into Nordic Group in 2014 under the Stock Incubator portfolio the divestment will translate into an annualized capital gain of 45.43%, annualized dividend return of 6.22% and annualized total return of 48.50%. The reason for the partial divestment will be explained as followed.
Nordic Group released its 4Q2016 and FY2016 earning result on 23rd Feb 2016, producing yet another decent set of result despite the ongoing oil crisis. A summary of its FY2016 earning :-
