For immediate release, 29 September 2017

Half Year Report

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

New Trend Lifestyle Group Plc

("NTLG" or the "Company" or the "Group")

Unaudited interim results for the six months ended 30 June 2017

New Trend Lifestyle Group (AIM: NTLG), the Singapore-based Feng Shui products and services group, announces its interim results for the six months to 30 June 2017.

Chairman's Statement

Results for the period

Revenue in the period declined significantly against the corresponding period last year, at SGD2,017k (1H-2016: SGD3,316k), continuing the downward trend that the Group has been experiencing for some time and we have mentioned consistently in our recent statements. The trading conditions in Singapore remain challenging for the foreseeable future.  

The total comprehensive loss of for the period was SGD1,106k (1H-2016 : SGD359k loss). The Board continues to keep tight control of our costs, continuing to make reductions, where possible, to mitigate against the declining revenue; so minimising losses until market conditions improve.

In addition to this, the Group continues to try to promote its services through new sales and marketing initiatives as well as through its retail stores,

Cash at bank at the period end was lower than at the same date last year at SGD1,401k (1H-2016 : SGD1,766k).

Update on acquisition strategy

The Board has evaluated a number of potential acquisition targets in line with our stated strategy, which we outlined last year, however, none of these businesses which we identified has proved to be suitable to take forward.  The Board will continue with this approach as we feel that the Group, in its present shape, will not grow in the current environment unless there is a significant economic upturn in our market.

In the light of this, we continue to try and manage our cash resources as best we can and continue, wherever possible to save cost, without compromising our ability to develop the business and increase revenue.

Outlook

As we have outlined above, the second half of the year has started in the same way as the first half ended and trading conditions in Singapore continue to be very challenging. We expect our results for the second half are going to be significantly lower than the corresponding period last year and we anticipate that the full year results to 31 December 2017 will be below last year.

Throughout this difficult period, the staff have continued to work extremely hard to try and improve the situation as best they can.  On behalf of the Board and the shareholders, I would like to thank them all for their hard work and dedication in this difficult period.

Gregory Collier

Chairman

New Trend Lifestyle Group Plc

Consolidated Comprehensive Income Statement

For the period to 30 June 2017

New Trend Lifestyle Group Plc

Consolidated Statement of Financial Position as at 30 June 2017

New Trend Lifestyle Group Plc

Consolidated Statement of Cash Flows

For the six months to 30 June 2017

New Trend Lifestyle Group Plc

Consolidated statement of changes in equity

For six months to 30 June 2017

New Trend Lifestyle Group Plc

Notes to the unaudited Interim Financial Information

1.   General Information

New Trend Lifestyle Group Plc ("NTLG" or "Company" or "Group") is a public limited company incorporated in England and Wales with company number 8000104 and is quoted on the AIM market of the London Stock Exchange Plc.

2.   Basis of Preparation

This interim report, which incorporates the financial information of the Group, has been prepared using the historical cost convention, on a going concern basis and in accordance with International Financial Reporting Standards ("IFRS") as adopted by the European Union, using accounting policies which are consistent with those set out in the financial statements for the year ended 31 December 2016.

      Taxes

      Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual earnings.

Standards and Interpretations adopted with no material effect on financial statements

There are no IFRS or IFRIC interpretations that are effective for the first time in this financial period that would be expected to have a material impact on the Group.

There are no other IFRS or IFRIC interpretations that are not yet effective that would be expected to have material impact on the Group.

New Trend Lifestyle Group Plc 

Notes to the unaudited Interim Financial Information

3.   Segmental Analysis

        Segmental reporting

In the opinion of the Directors the Group has one class of business, being the provider of Feng Shui products and services in Singapore and mainland China.

The Group's primary reporting format is determined by the geographical segment according to the location of its establishments. There are currently two geographic reporting segments: Singapore and China.

New Trend Lifestyle Group Plc 

Notes to the unaudited Interim Financial Information

4.    Operating loss for the period is stated after charging

5.   Directors' emoluments

6.   Loss per share

      Earnings per share has been calculated on the net basis on the loss after tax of SGD1,106,000 (31 December 2016 - loss SGD2,167,000; 30 June 2016 - loss SGD752,000) using the weighted average number of ordinary shares in issue of 125,000,000 ((31 December 2016 - 108,356,164; 30 June 2016 - 100,000,000)

      The weighted average number of ordinary shares in issue if fully diluted is 128,600,000 (31 December 2016 Ð 111,964,164; 30 June 2016 - 103,600,000).

New Trend Lifestyle Group Plc 

Notes to the unaudited Interim Financial Information

7.      Called up Share Capital

       The issued share capital as at 30 June 2017 was 125,000,000 Ordinary Shares of 0.1p each.

8.      Cash and cash equivalents

 9.     Events subsequent to 30 June 2017

There were no events subsequent to the period end.

10.     The unaudited results for period ended 30 June 2017 do not constitute statutory accounts within the meaning of Section 435 of the Companies Act 2006. The comparative figures for the period ended 31 December 2016 for NTLG extracted from the audited financial statements which contained an unqualified audit report and did not contain statements under Sections 498 to 502 of the Companies Act 2006.

11.     This interim financial statements will be, in accordance with the AIM Rules for Companies, available shortly on the Company's website at www.newtrendlifestylegroup.com .