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Sheng Siong posts 12% rise in Q1 net profit

Singapore

SUPERMARKET operator Sheng Siong Group has posted a 12.2 per cent jump in net profit to S$14.06 million for the first quarter ended March 2015 from a year ago on higher revenue and improved gross margin.

Revenue improved nearly 5 per cent to S$198.4 million from S$189.7