Neo Group Q4 net profit up 181.1%

Mr Neo Kah Kiat is the chairman and chief executive for food caterer Neo Group.
Mr Neo Kah Kiat is the chairman and chief executive for food caterer Neo Group.PHOTO: ST FILE

SINGAPORE - Food and restaurant firm Neo Group's fourth-quarter net profit soared 181.1 per cent to $2.7 million, compared with the same period a year ago.

Revenue grew 34.9 per cent to $48 million for the three months to March 31.

Yearly earnings per share was 2.24 cents, compared with 4.18 cents a year ago, while net asset value per share was 22.73 cents as at March 31, compared with 20.97 cents a year ago.