Saturday, Apr 19, 2014Saturday, Apr 19, 2014
News
 

Sheng Siong Group rings in higher profit, sales in Q4

Published on Feb 20, 2014 9:45 PM
PRINT EMAIL
 

Supermarket operator Sheng Siong Group has ringed in higher earnings in the fourth quarter.

Net profit for the three months to Dec 31 climbed by 16.7 per cent to $9.3 million as revenue rose by 5.9 per cent to $170.4 million.

Full year net profit, however, fell by 6.6 per cent to $38.9 million despite revenue rising 7.9 per cent to $687.4 million.

Excluding a one-time gain of $10.5 million from the sale of warehouse and a provision of $1.6 million for prior year's tax in 2012, net profit for 2013 would have been 18.6 per cent higher.

 
If you are not a subscriber, you can get instant, unlimited access here