Sheng Siong Group has posted earnings of $31.8 million for the 3QFY2020 ended September, some 54.4% higher than earnings of $20.6 million recorded in the corresponding quarter a year ago.

This translates to higher earnings per share (EPS) of 2.11 cents for 3QFY2020, compared to 1.37 cents in 3QFY2019.

3QFY2020 revenue rose 28.9% y-o-y to $327.3 million. The higher figures were contributed by comparable same store sales and new stores in Singapore that came about from elevated demand due to the Covid-19 pandemic, and a rise in sales from the group’s stores in China.

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