NVL - Financial income underpinned Q1 2017 results - Earnings Flash
  • 2017-05-03T18:52:44
  • Company Research
NVL released strong Q1 results but 164% earnings growth was driven largely by financial income from revaluation of its investment in a subsidiary. Without the financial income, NVL’s core business results were below our expectation but we anticipate performance to accelerate for the rest 2017, fuelled by more deliveries of projects under construction.