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Sheng Siong posts 6.6% rise in 1Q earnings to $18.3 mil

Stanislaus Jude Chan
Stanislaus Jude Chan4/27/2018 05:55 PM GMT+08  • 2 min read
Sheng Siong posts 6.6% rise in 1Q earnings to $18.3 mil
SINGAPORE (Apr 27): Sheng Siong Group saw its earnings grow 6.6% to $18.3 million for the 1Q ended March, from $17.1 million a year ago.
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SINGAPORE (Apr 27): Sheng Siong Group saw its earnings grow 6.6% to $18.3 million for the 1Q ended March, from $17.1 million a year ago.

1Q18 revenue rose 5.1% to $228.3 million, from $217.1 million a year ago.

This was mainly due to an increase in contribution from the opening of seven new stores and higher comparable same store sales, partially offset the closure of the Verge and Woodlands Block 6A stores in FY17.

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