Neo Group's loss narrows 74% for Q1

MAINBOARD-LISTED caterer Neo Group on Tuesday reported a 74 per cent narrowing of net loss to S$0.65 million for the first quarter ended June 30, from a net loss of S$2.5 million a year ago.

Revenue grew 27.3 per cent to S$40.6 million from S$31.9 million in the previous year, lifted by stronger performance across most business segments, including food catering and food manufacturing.

Loss per share was 0.45 Singapore cent, compared to last year's 1.72 cents.

No dividends were declared for the period.