Corporate Digest
Sheng Siong
SUPERMARKET operator Sheng Siong posted a net profit of S$31.8 million for its third quarter ended Sept 30, up 54.4 per cent from the year before, on the back of strong revenue growth.
However, this was partially offset by a less-than-proportional increase in operating expenses.
Revenue for the three months climbed 28.9 per cent to S$327.3 million, mainly due to elevated demand arising from the Covid-1…
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