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New Trend warns on FY profit

By BFN News | 09:42 AM | Wednesday 16 December, 2015


Feng Shui-specialist New Trend lifestyle Group no longer expects a FY profit as it reported on-going tough trading conditions in Singapore. Measures to reduce costs continue and new marketing initiatives are having some effect on arresting the decline in revenues. The company, however, expected to be profitable in Q4. Cash balances remain in excess of S$2.4m as at 30 November 2015. The Board is in the process of preparing the financial plan for 2016 with a view to restoring profitability and is evaluating alternative strategies for the Company. At 9:42am: (LON:NTLG) New Trend Lifestyle Group Plc share price was 0p at 0.5p Story provided by StockMarketWire.com

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