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Sheng Siong's Q2 profit up 23.1%, muted outlook

Singapore

SUPERMARKET chain Sheng Siong Group on Thursday said that its net profit for the second quarter ended June 30 jumped 23.1 per cent to S$13.6 million, from S$11.1 million in the year-ago period.

The group's gross margin has improved steadily over the past few quarters,

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