SINGAPORE (Aug 4): Food caterer Neo Group swung into an attributable loss of $2.7 million for the 1Q17 ended June, compared to a profit of $0.2 million a year ago in 1Q16.

This was in the absence of a $0.7 million one-time gain on disposal of assets held for sale recorded in 1Q16 and the cyclical impact on the Food Catering business.

Earnings per share slid to a loss of 1.72 cents from a profit of 0.13 cent.

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