Norfolk results build a floor to its price
Norfolk Group’s better than expected half-year financial performance and the latest private capital expenditure data could reverse the building services company’s recent downtrend in its share price.
Norfolk Group ’s better than expected half-year financial performance and the latest private capital expenditure data could reverse the building services company’s recent share-price downtrend.
Management said revenue hit a record $445.2 million in the six months to the end of September as earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 31.5 per cent to $17.6 million due to strong growth in its electrical and communications division, O’Donnell Griffin.
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