Sheng Siong raises interim dividend on higher Q2 profit
Earnings up 7.4%, thanks to higher revenue contributions, improvement in gross margin and higher other income
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Singapore
SUPERMARKET group Sheng Siong chalked up a 7.4 per cent year-on-year increase in net profit to S$18.4 million for the second quarter, on the back of greater revenue contributions, slight improvement in gross margin and higher other income.
Revenue for the three months to June 30 rose 11.8 per cent to S$238.2 million, helped by the opening of 13 new stores.
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