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New Trend reports improved sales for half year

By BFN News | 09:45 AM | Friday 21 September, 2012


New Trend Lifestyle Group, the Singapore-based Feng Shui products and services group, reports like-for-like product sales up by 11 % to SGD 2,979k (H1 2011: SGD 2,686k)for the half year to end of June 2012. One-off factors caused a decline in overall sales revenue to SGD 5,204k H1 2011: SGD 5,983k) Operating profit decreased to SGD 162k (H1 2011: SGD863k) and loss before taxation of SGD 785k (H1 2011: profit SGD 1,251k) (AIM admission costs of SGD 1,157k were recognised in the period) Earnings per share was SGD (0.09) (H1 2011: SGD 0.35) and net cash outflow from operations was SGD (574k) (H1 2011: inflow SGD 1,085k) At 9:45am: (LON:NTLG) share price was -0.25p at 8.25p Story provided by StockMarketWire.com

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