Sheng Siong Q3 net profit up 15.4%

SHENG Siong Group posted a 15.4 per cent increase in net profit at S$12.2 million for the third quarter ended Sept 30, 2014, after the market closed on Tuesday.

Revenue for the same period stood at S$186.4 million, up 4.8 per cent from the same period a year ago.

For the nine-month period, net profit was up by 21 per cent at S$35.8 million, while revenue stood at S$547.6 million, a 5.9 per cent increase.

Earnings per share for the group stood at 0.81 of a Singapore cent for the quarter and 2.38 Singapore cents for the nine-month period, up from 0.76 of a Singapore cent and 2.14 Singapore cents during the corresponding periods the year before.

The group's counter closed half a Singapore cent lower at 63.5 Singapore cents on Tuesday.