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Sheng Siong posts 5.9% rise in 1Q earnings to $19.4 mil on higher sales

Stanislaus Jude Chan
Stanislaus Jude Chan4/26/2019 06:12 PM GMT+08  • 2 min read
Sheng Siong posts 5.9% rise in 1Q earnings to $19.4 mil on higher sales
SINGAPORE (Apr 26): Sheng Siong Group saw its earnings grow 5.9% to $19.4 million for the 1Q19 ended March, from $18.3 million a year ago, on the back of higher revenue.
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SINGAPORE (Apr 26): Sheng Siong Group saw its earnings grow 5.9% to $19.4 million for the 1Q19 ended March, from $18.3 million a year ago, on the back of higher revenue.

1Q19 revenue climbed 10.1% to $251.4 million, from $228.3 million a year ago.

The increase was mainly due to the opening of 10 new stores in FY18 – six of which were opened after 1Q18.

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