New Trend Lifestyle losses narrow as sales rise

Fri, 20th Sep 2019

Singapore-based Feng Shui products and services group New Trend Lifestyle booked a narrower first-half loss after it boosted its sales. Pre-tax losses for the six months through June amounted to S$0.3m, compared to losses of S$1.1m on-year. Revenue rose to S$3.1m, up from S$2.5m on-year. 'The trading conditions in Singapore remain challenging, however, the board are hopeful that the improvement in sales that we have seen will continue throughout the remainder of the year,' New Trend said. 'The board continues to keep tight control of costs, continuing to make reductions, where possible, on an ongoing basis.' At 1:20pm: (LON:NTLG) New Trend Lifestyle Group Plc share price was 0p at 0.45p Story provided by StockMarketWire.com

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