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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece