OB:MORLDConstruction
Moreld (OB:MORLD) Stock Price Reflects Profit Recovery Despite Revenue Slippage
Moreld stock has been grinding higher in recent months, yet at around NOK22.40 the market is still treating it like a question mark. The latest quarter puts a different picture on screen. Q2 revenue of NOK2,514.09m came through alongside Basic EPS of NOK0.76, a sharp swing back into profit after the loss reported in Q1.
For a construction focused group that investors often frame as a high risk turnaround, the headline in this earnings season is simple: Moreld is making money again. The real...