Sheng Siong posts stronger profits for Q4FY15 on better margins
SUPERMARKET group Sheng Siong reported a near 24 per cent jump year on year in profit to S$14.61 million for the fourth quarter ended 31 Dec 2015, thanks to improved gross margins.
Revenue edged up by close to five per cent to S$187.1 million as new stores contributed to the topline. This was offset by a slight contraction from same store sales.
For the full year, net profit rose 19.3 per cent to S$56.78 million due to higher revenue, improved gross margin, higher other income and net tax refunds. Meanwhile, revenue increased 5.3 per cent to S$764.43 million.
Earnings per share came to 0.97 cent, up from 0.78 cent a year ago.
A final dividend of 1.75 cents was proposed, up from 1.5 cents a year ago.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake