Sheng Siong's Net Profit Up 13% in Q1

MT Newswires04-29

Sheng Siong's (SGX:OV8) net profit jumped 13% during the first quarter of the year to SG$43.4 million from SG$38.5 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Earnings per share rose to SG$0.0287 compared with SG$0.0257 in the year-ago period.

Revenue climbed 12% year over year to SG$452.8 million from SG$403 million, driven by contributions from 12 new store openings in 2025.

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