NCN: Construction contracts
Spekuliantai.lt
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2009-07-20
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NASDAQ OMX biržų naujienos | perskaitė: 1795
Raktiniai žodžiai:
Nordecon International AS,
NCN
NCN: Construction contracts
Nordecon International Company Announcement 20.07.2009
Construction contracts
Nordecon International AS wholly-owned subsidiary Nordecon Infra AS signed two
road renovation contracts with Ida Regionaalne Maanteeamet (structural division
of Estonian Road Administration) in Eastern Estonia (Ida- and Lääne-Virumaa
counties). Renovation works take place in Sämi-Sonda-Kiviõli secondary road (10
kilometers) and in Põdruse-Kunda-Pada basic road (7 kilometers). Contracts also
include constructing of light traffic roads and renovation of bridges.
The summary value of contracts is approximately 70 000 thousand kroons (4 474
thousand euros), excluding VAT. The works begin in July-August 2009 and the
estimated time of completion is in second quarter of 2010.
Nordecon International is a group of construction companies whose core business
is general contracting and construction management in the construction of
buildings and infrastructures in Estonia, Latvia, Lithuania and Ukraine. In
addition, in Estonia our companies act as independent contractors in road
construction and maintenance, environmental engineering, the assembly of
reinforced concrete elements, and the performance of cast-on-site concrete
works. The parent of the Group is Nordecon International AS, a company
registered and located in Tallinn, Estonia. In addition to the parent company,
there are more than 20 subsidiaries in the Group. The consolidated revenue of
the Group in 2008 was 3.9 billion kroons (247 million euros) and the
consolidated net profit was 171 million kroons (11 million euros). Nordecon
International Group employs more than 1,100 people. Since 18 May 2006, the
company's shares have been quoted in the main list of the NASDAQ OMX Tallinn
Stock Exchange.
1 euro = 15.6466 kroons
Raimo Talviste
Nordecon International AS
Head of Investor Relations
Tel: +372 615 4445
Email: [email protected]
www.nordecon.com