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Neo Group's six-month profit falls 9.1%; sales up 21.2%

Bigger sales team, higher ad costs to drive growth

NEO Group's net profit for the six months ended July fell 9.1 per cent from S$2.8 million to S$2.5 million.

The food catering group said this was due mainly to the bottom line not capturing the full length of the Chinese New Year season in the period, as well as an increase in sales team...

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