LONDON (Alliance News) - Singapore-based Feng Shui products and services company New Trend Lifestyle Group PLC on Wednesday said trading in its home markets remains tough.
The company said it has taken measures to cut costs and said new marketing initiatives are helping to arrest a decline in sales.
But the company said that while it expects to be profitable in the final quarter of 2015, it does not expect to make a full-year profit.
New Trend said its board is in the process of preparing its financial plan for 2016 with a view to restoring its profitability and is currently evaluating alternative strategies.
Shares in New Trend were untraded on Wednesday, having last traded at 0.250 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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