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New Trend Lifestyle (NTLG)

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Wednesday 03 April, 2019

New Trend Lifestyle

Comment on share price movement & trading update

RNS Number : 0131V
New Trend Lifestyle Group plc
03 April 2019
 

3 April 2019

 

RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

New Trend Lifestyle Group plc

("NTLG" or the "Company" or the "Group")

 

Comment on share price movement, notice of results & trading update

 

The Board of New Trend Lifestyle Group plc (AIM: NTLG), the Singapore-based Feng Shui products and services group, notes the movement in its share price this morning.  The Directors also note that the last reported trade in the shares was on 4 March 2019.

As in prior years, the Company intends to report its audited final results, for the year ended 31 December 2018, in early June.

Ahead of releasing these results the Board issues the following trading update.  Since our interim results, which were announced in September 2018, trading performance in Singapore has continued to improve as it had done in the first half of the year.  Unaudited revenue for the 12 months ending 31 December 2018 was approximately SGD 6.49m (2017: SGD 4.90m). Cost control remains very important and the Board expects that the audited results will show that the Group will be close to breaking even at the pre-tax level for last year.

The sales and marketing initiatives that have been implemented since the downturn have now started to show positive results, and the Group remains focused on continuing with these initiatives to maintain this continued improvement in sales performance in the current period, which has started well.  

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For further information:-

 

New Trend Lifestyle Group Plc     

Gregory Collier, Non-Executive Chairman

            

+44 (0) 7830 182501

SPARK Advisory Partners Limited (NOMAD)          

Mark Brady/Neil Baldwin       

              

+44 (0) 20 3368 3551

SI Capital Ltd (Broker)

Nick Emerson

+44 (0)1483 413500

 


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