Sheng Siong Q4 net profit up 26.5% to S$11.8m

Higher operating profit margins led to grocery chain Sheng Siong reporting a net profit of S$11.8 million for its fourth quarter ended December 31, 2014, up 26.5 per cent from S$9.3 million a year ago.

Revenue rose 4.7 per cent to S$178.4 million, from S$170.4 million a year ago.

A final dividend of 1.5 cents a share was declared, compared to 1.4 cents a year ago.

For the full year, net profit was up 22.3 per cent to S$47.6 million while revenue was up 5.6 per cent to S$726 million.

Sheng Siong closed at 72.5 Singapore cents a share, down half a cent, before results were announced.