|
contents | business | |||||||||
| NCC Housing reports strong earnings in 4q 2011 Operating profit for NCC Housing, one of NCC's business areas, totaled preliminary SEK 550 M in the fourth quarter of 2011, which was significantly higher than expected. Since 2010, NCC has been reporting earnings pursuant to IFRIC 15, which entails, among other, that profit from the sales of housing units will not be recognized until the housing unit has been completed and handed over to the customer. In the fourth quarter of 2011, NCC handed over a large number of housing units at a margin that was higher than that on the housing units recognized in profit earlier in the year. Other figures for the fourth quarter will be presented in NCC's year-end report, which will be published on Wednesday, February 1, 2012. write your comments about the article :: © 2012 Construction News :: home page |