Sheng Siong posts 12% rise in Q1 net profit
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SUPERMARKET operator Sheng Siong Group has posted a 12.2 per cent jump in net profit to S$14.06 million for the first quarter ended March 2015 from a year ago on higher revenue and improved gross margin.
Revenue improved nearly 5 per cent to S$198.4 million from S$189.7 million, owing to two new stores - one in Penjuru and the other in Tampines Central - and comparable same store sales growth.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
