Steel fabricator NDA back in the black on dairy, food recovery

Fri, 17 Aug 2018

By Paul McBeth Aug. 17 (BusinessDesk) - Kiwi steel fabrication firm NDA Group returned to profit in 2017 as a recovery in its key markets and an expanding footprint at home and abroad underpinned a 52 percent increase in sales. The Hamilton-based company reported a profit of $951,000 in calendar 2017, turning around a loss of $15.4 million a year earlier, financial statements lodged with the Companies Office show. Revenue climbed to $162.8 million from $107 million, outpacing a 40 percent increase in costs to $156.8 million. NDA's st...

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