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Supermarket operator Sheng Siong racks up higher earnings, revenue

Published on Jul 23, 2014 7:13 PM
 
Supermarket operator Sheng Siong Group rang up a 30.3 per cent rise in net earnings to $11.1 million for the second quarter. -- PHOTO: ST FILE 

SINGAPORE - Supermarket operator Sheng Siong Group rang up a 30.3 per cent rise in net earnings to $11.1 million for the second quarter.

Revenue for the three months to June 30 was up 7.4 per cent at $171.6 million.

Of the increase, 2.7 per cent was contributed by eight new stores that opened in 2012.

The other part of the gain was from comparable same store sales.

 
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