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New Trend Lifestyle (NTLG)

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Wednesday 16 December, 2015

New Trend Lifestyle

Trading Update

RNS Number : 2457J
New Trend Lifestyle Group plc
16 December 2015
 

 

New Trend Lifestyle Group Plc

("NTLG" or the "Company")

 

Trading Update

 

  

New Trend lifestyle Group Plc (AIM: NTLG), the Singapore - based Feng Shui products and services group, announces a trading update.

 

Following announcement of the interim results on 30 September 2015, the Company has continued to experience tough trading conditions in Singapore. Measures to reduce costs continue and new marketing initiatives are having some effect on arresting the decline in revenues.  Though expected to be profitable in the final quarter of 2015, a profit for the full year is not expected.

 

Cash balances remain in excess of S$2.4million 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.

 

For further information:-

 

New Trend Lifestyle Group Plc                                                  0207 653 9850

Robert Goddard, Chairman

Ajay Rajpal, Director & Interim CFO

 

Zeus Capital (NOMAD and broker)                                     

Andrew Jones                                                                               0161 831 1512

 

 About New Trend Lifestyle

The Company was established in 2005 by Master Hillary Phang. NTL's Feng Shui services include building and office design consultancy, astrology readings, marriage matching, aura readings and business talks and seminars for large corporations.

NTL is one of the leading branded Feng Shui consultancies in Asia, selling its services to a mixture of high profile businessmen, political figures, business enterprises and the general public. It provides lifestyle guidance to customers, which leads to the provision of a number of products and services.

Feng Shui is endemic in Chinese communities throughout the world and influences many aspects of personal, business and even Government activities and is the basis on which the Company has created a business with a strong brand and deep-seated cultural drivers.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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