The Business Times
business-time-50

Sheng Siong Q4 profit flat at S$17.4m; new stores important source of revenue growth

google-preferred-sourceAdd BT as a preferred source
Published Thu, Feb 20, 2020 · 09:50 PM
Sheng Siong

Singapore

HEARTLAND supermarket operator Sheng Siong on Thursday posted a fourth-quarter net profit of S$17.4 million, down 0.4 per cent from S$17.5 million in the same period a year earlier.

Revenue in the three months ended Dec 31, 2019 rose 11.8 per cent to S$247.9 million. Gross profit also rose 11.8 per cent to S$67.4 million.

Sheng SiongCovid-19

TRENDING NOW

The firm said it “periodically reviews its organisational structure” to ensure it remains aligned with its strategic priorities and long-term business needs.

CapitaLand Investment retrenches 90 Singapore staff in 2026 as part of restructuring

The list names (clockwise from top left) Meta’s Eduardo Saverin, CDL’s Kwek Leng Beng, Sea’s Forrest Li, Sheng Siong’s Lim Hock Chee, FEO’s Robert and Philip Ng.

Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide

Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

Can Bali swop beach capital for global capital without the skyscrapers?

Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

Canada’s fight with the US has far bigger stakes than trade

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More