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Business Description: Norfolk Group Limited (NFK) is a provider of integrated engineering solutions with operation in Australia, New Zealand and Vietnam. The Group consists of engineering companies specialising in electrical, data, heating, ventilation and air conditioning services, facilities management and related building product manufacture and operates through key brands: O’Donnell Griffin, Haden and Resolve FM.
Strategy Analysis:
Norfolk Group reported NPAT down 56.4% to $4.04m for the half-year ended 30 September 2012. Revenues from ordinary activities were $504.59m, up 14.3% from last year. Diluted EPS was 2.61 cents compared to 5.74 cents last year. The net operating cash outflow was $23.5m compared to an inflow of $6.86m last year. The interim dividend declared was 1.0 cent, compared with 1.5 cents last year.
The Age 25/05/2013 |
In the mid-1960s, when Australia's trade minister Sir John McEwen was urging Holden and Ford to seek export markets in Asia, the leader of one of Asia's poorest countries decided his country needed a car industry.
The Age 25/05/2013 |
Debts to tradespeople and suppliers by collapsed builder National Buildplan Group have blown out to $58 million but administrators say they are likely to recoup only cents in the dollar.
The Age 25/05/2013 |
There's a simple message in what appeared to be conflicting statements from the Federal Reserve, its chairman, Ben Bernanke, and an assortment of other Fed heavies this week about the timing of a move to re-tighten monetary policy.
The Age 25/05/2013 |
Investors are contemplating a future without support from one of the biggest drivers of the global economy in recent years - the US Federal Reserve.
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