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Published Thu, Oct 28, 2021 · 09:50 PM

Sheng Siong

SUPERMARKET Sheng Siong's net profit for the third quarter to September rose 8.3 per cent year-on-year to S$34.4 million from S$31.8 million on higher revenue and improved sales mix of products with higher margin.

Revenue, driven by Covid-induced restrictions that fuelled higher demand and contributions from 3 stores that opened last year, amounted to S$348.1 million, up 6.4 per cent year-on-year from S$327.3 million.

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