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.

Neo Group's 1H earnings soars to $2.8 mil
 
Date of Listing     Jul 11 2012
Offer Price  SGD  0.3000
...highest: $0.490.... lowest: $0.265...prev close: $0.455...
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. |