SINGAPORE – Food and catering solutions provider, Neo Group Limited, has reported a net profit of $7.4 million for a 14 months period ended Mar 31, 2015 with a record revenue of $77.4 million, driven by a growth in its food catering business and rise in food retail revenue.
The growth was achieved notwithstanding expenses in line with business growth, the company said Thursday in a release.
Neo achieved a 47.1 per cent growth in its food catering segment to $57.4 million coupled with a 51.6 per cent rise in food retail segment to $19.2 million which drove the top-line surge in the 14-month period compared to $52.4 million for financial year ended Jan 31, 2014.
The net profit growth was a 15.7 per cent rise in the 14-month period from $6.4 million in 12-month period ending Jan 2014.
