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Neo Group - Food Catering / Retail Business

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guoyanyunyan
    10-Sep-2013 08:21  
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Neo Group's 1H earnings soars to $2.8 mil

Neo Group, the events food caterer, reported earnings soared four times to $2.8 million for the six months ended July 31 from a year ago (1H2014).

The rise in earnings come as revenue rose 23.2% to $23.1 million, mainly due to contributions from its food catering business.

Revenue from this segment grew by 28% to $17.2 million from $13.4 million in 1H2013, as a result of a higher volume of events in the social, corporate and government sectors.

The group?s food retail business also did well in 1H2014, recording an 11% increase in revenue to $5.9 million.

Based on its latest set of results, Earnings per Share of the group improved to 1.92 cents in 1H2014, from 1.39 cents in 1H2013.

The directors are recommending a tax-exempt interim dividend of 1.16 cents per share for 1H2014.



 
 
 
guoyanyunyan
    10-Sep-2013 08:18  
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Date of Listing     Jul 11 2012

Offer Price  SGD  0.3000

...highest: $0.490.... lowest: $0.265...prev close: $0.455...

Background

The Company was incorporated on 22 March 2012 a private limited company under the name of Neo Group Pte. Ltd. On 13 June 2012, the Group converted to a public company limited and changed its name to Neo Group Limited. Pursuant to the Restructuring Exercise, the Company became the ultimate holding company of its subsidiaries, Neo Garden Catering, Orange Clove, Deli Hub, Niwa Sushi, H-Cube and NKK Import & Export.

Through its " Neo Garden Catering" , " Orange Clove" and " Deli Hub" brands, the Group supplies buffets spanning a wide variety of styles and prices to suit a diverse range of occasions, from private to corporate and community functions (" Food Catering Business" ). The Group offerings in the catering business include daily meal delivery services, Halal-certified food as well as catering for last minute events or emergency orders. In addition to the Food Catering Business, the Group also operates a successful chain of 16 food retail outlets as at the date of this Offer Document under its " Umisushi" brand offering Japanese convenience food (" Food Retail Business" ).



 

 
 
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