SINGAPORE (July 30): Sheng Siong reported 2Q18 earnings increased 6.3% to $17.2 million from $16.1 million in 2Q17.
This brings 1H18 earnings to $35.4 million, 6.5% higher than $33.3 million in 1H17.
Revenue during the quarter increased by 5.7% to $213.0 million from $201.5 million a year ago, mainly due to contributions from new stores, comparable same store sales and higher contribution from the group’s stores in China.
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