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Higher operating margins lift Sheng Siong's Q4 profit
Published Wed, Feb 25, 2015 · 09:50 PM
Singapore
HIGHER operating profit margins led to grocery chain Sheng Siong reporting a net profit of S$11.8 million for its fourth quarter ended Dec 31, 2014, up 26.5 per cent from S$9.3 million a year ago.
Revenue rose 4.7 per cent to S$178.4 million, from S$170.4 million a year ago. Cost of sales and administrative expenses grew at a slower pace. A final dividend of 1.5 cents a share was declared, compared to 1.4 cents a year…
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