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Sheng Siong Q4 earnings up on better revenue, margins

Group expects competition to remain keen

Singapore

BOOSTED by higher revenue and improved gross margins, supermarket group Sheng Siong reported a near 24 per cent year-on-year jump in net profit to S$14.61 million for the fourth quarter ended Dec 31, 2015.

The quarter also saw other income rising to S$1.95 million from S$

sentifi.com

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