Tag: GN Store Nord



Updated: GN Reports Good Growth in Q2 but Disappoints Analysts; Financial Fraud Reported at Beltone

GN Store Nord reported 8% organic growth and increased its EBITA by 7% in the second quarter of 2015, but fell short of the high expectations of the financial community. GN also reported the discovery that Beltone’s VP of Finance had committed accounting fraud, resulting in a one-time Q2 loss of $22.3 million and Todd Murray’s resignation as senior VP of the company.

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