News blog

New Trend Lifestyle Group

  • BY: Andrew Hore |
  • POSTED: 29/09/2014 |

Singapore-based feng shui consultancy New Trend Lifestyle Group reported a decline in first half revenues and a move from profit to loss.

In the six months to June 2014, revenues fell from S$5.62m to S$4.62m, while a profit of S$543,000 has been turned into a loss of S$863,000. Development costs in China were reduced. There are S$2.13 to the pound. 

The strategy is to have fewer but larger stores in Singapore and there are seven active sites. There are also plans to acquire a complementary retail chain in China.

The feng shui-inspired beauty parlour La Queenz opened its first outlet recently.

There were $S1.11m of convertible loan notes issued during May. These are repayable at the end of 2016 and the conversion price is 10p a share. Net debt was S$1.62m at the end of June 2014. The payment date for a HK6m (477,000) loan was extended and it was repaid at the end of July 2014.

At 5.5p a share, down 1.63p, New Trend is valued at 5.5m.

Download the latest AIM Journal from

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds