Higher operating margins lift Sheng Siong's Q4 profit

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 ago. This brings the total dividend for the year to three cents, up from 2.6 cents a year ago.