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    Record profits for Havyard Group

    Company News // April 2, 2012

    Fosnavaag-Norway, based Havyard Group secured record profits in 2011. Earnings before tax more than doubled from NKr 98 million in 2010 to NKr 210 million last year. Employees will received bonuses of NKr 20.000 each.

    The company's profit margin increased from 7.5 per cent to 15.6 per cent in 12 months. The result before depreciations (EBITDA) increased from NKr 116 million in 2010 to NKr 217 million last year.

     

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