Sheng Siong posts rise in Q1 net profit
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Singapore
TIGHT competition and a smaller retail area did not stop Sheng Siong Group's till from going "ka-ching!", according to unaudited results on Friday.
The supermarket operator rang up a net profit of S$18.25 million for the three months to March 31 - a 6.6 per cent year-on-year increase - while revenue rose by 5.1 per cent to S$228.28 million.
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