Nord's 2005 Sales Grow, Net Income Declines.

The company reported 15.6% increase in production to 788.4 ths refrigerators. The company’s CEO announced plans to invest EUR 35 mln for the construction of a machine-building plant to make equipment for the production of household appliances. He also voiced plans to place 5% of the company’s stock on the London Stock Exchange. Concorde Capital: Nord’s sales of USD 196.2 mln (47.4% yoy increase) are 5% above our forecasts, while its net income of USD 1.1 mln (76% decline yoy) is lower than our USD 3.3 mln projection.