Corporate digest

Sheng Siong Group

SUPERMARKET operator Sheng Siong Group on Wednesday reported a first-quarter net profit of S$16.4 million, up 16.8 per cent from the corresponding period last year, as revenue grew 5.1 per cent year on year to S$208.5 million for the three months ended March 31, 2016.

Earning per share for the quarter was 1.09 Singapore cents, up from 0.94 Singapore cent the previous year, and the counter closed one Singapore cent higher at S$0.89 on Wednesday.