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Sheng Siong posts 16.4% profit increase

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Tay Peck Gek

Tay Peck Gek

Published Wed, Oct 30, 2019 · 09:50 PM
Sheng Siong

Singapore

DRIVEN by the contribution from new stores, revenue of supermarket chain Sheng Siong Group rose 11.4 per cent to S$253.8 million. Together with improved gross profit margin, the higher top line lifted net profit by 16.4 per cent to S$20.6 million for the third quarter ended Sept 30.

In its statement released on Wednesday, the supermarket chain posted better performance for the quarter despite slightly weaker same store sales.

Sheng Siong

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