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Nord Posts Net Income of USD 2.7 mln in 2007

Nord Posts Net Income of USD 2.7 mln in 2007

28 February 2008

The net profit of Nord (NORD: U/R), the leading company in Nord Group, Ukraine’s major producer of refrigerators, grew to USD 2.7 mln in 2007, up from a net loss of USD 0.9 mln in 2006, Interfax reported. Nord Group’s CEO, Valentyn Landyk, said that the group’s net income was USD 11.5 mln in 2007. According to him, the group plans to invest its 2007 profit, USD 11.5 mln, into the company’s development. Nord owns a 55% stake in Nord Group.

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