, Singapore

Sheng Siong’s net profit up 22.3% to $47.6m in FY14

Thanks to lower costs and higher sales.

Sheng Siong’s net profit jumped 22.3% to $47.6m in FY14, on back of lower input costs, better sales mix and stable selling prices.

The group’s revenue grew 5.6% to $726m, thanks to a 2.3% new stores growth longer operating hours, marketing initiatives and refurbishment of old stores. 

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