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Sheng Siong Q3 net down 9.4% on higher admin, staff costs

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Published Tue, Oct 30, 2018 · 09:50 PM — Updated Tue, Oct 30, 2018 · 09:50 PM
Sheng Siong Group

Singapore

SHENG Siong Group saw its net profit dip 9.4 per cent to S$17.8 million for the third quarter ended Sept 30, mostly due to an increase in administrative expenses and staff costs as more stores were opened.

Revenue went up 8 per cent to S$227.9 million, with new stores again the major source of growth.

Sheng Siong

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