Veidekke ASA: Strong revenue growth and good earnings
Veidekke ended the year with strong revenue growth and good earnings in the fourth quarter. Revenue in 2016 totalled NOK 30.1 billion, an increase of 23% compared with 2015. Profit before tax for the year increased to NOK 1.46 billion from NOK 1,04 billion in 2015.Earnings per share was NOK 9.3 (6.5) in accordance with the segment accounts. "2016 was a good year for Veidekke. We rounded a new milestone with total revenue exceeding NOK 30 billion, and significantly increased our earnings. A good order intake in the construction operations and record-high residential production made this