New Trend Lifestyle Group Plc reported unaudited consolidated earnings results for the half year ended June 30, 2018. For the half year, the company reported revenue of SGD 2,543,000 against SGD 2,017,000 a year ago. Operating loss was SGD 952,000 against SGD 1,046,000 a year ago. Loss before tax was SGD 1,061,000 against SGD 1,106,000 a year ago. Loss for the year was SGD 1,061,000 against SGD 1,106,000 a year ago. Total comprehensive loss for the period attributable to owners of the parent was SGD 1,061,000 against SGD 1,106,000 a year ago. Basic and diluted loss per share from continuing operations was SGD 0.008 against SGD 0.009 a year ago. Net cash inflow from operating activities was SGD 362,000 against SGD 510,000 a year ago. Purchase of plant and equipment was SGD 26,000 against SGD 24,000 a year ago. Revenue in the period increased significantly against the corresponding period last year, as the sales and marketing initiatives implemented since the downturn have started to take effect.

The trading conditions in Singapore remain challenging, however, the board is hopeful that the improvement in sales seen in the first half will continue throughout the remainder of the year.