Sheng Siong Q1 earnings jump 19.3%

SUPERMARKET chain Sheng Siong Group posted a 19.3 per cent year-on-year increase in net profit in the first quarter as marketing initiatives and longer operating hours bore fruit.

Net profit rose to $12.5 million, or 0.91 cents per share, for the three months ended March 31.

No dividend was declared, similar to the year-ago period.