The Sheng Siong Group has posted earnings of $30.8 million for the 1QFY2021 ended March, 7.5% higher than earnings of $28.7 million in the corresponding period the year before.

Earnings per share (EPS) for the quarter stood 0.2 cents higher y-o-y at 2.1 cents.

Despite the higher sales from the Chinese New Year in 2021, the group’s revenue inched up 2.7% y-o-y to $337.5 million, due to the high base in 1QFY2020.

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