$SHENG SIONG GROUP LTD(OV8.SI)$ 

Sheng Siong Group posted a 2.2 per cent year-on-year increase in net profit to S$67.4 million in the first half of 2022, despite a marginal decline in revenue that the supermarket chain said was related to a lifting of Covid-19 measures. Revenue fell 0.7 per cent year on year to S$676.8 million for the 6 months ended Jun 30, as restrictions were eased in the second quarter, the company said. “This led to increased outdoor dining and overseas travel, especially during the June school holidays, which in turn returned sales revenue to more normalised pre-pandemic levels,” Sheng Siong said. “As Singapore moves towards endemic living with Covid-19, we expect the elevated demand that persisted throughout 2020 and 2021 to continue to taper to a new normal,” it added.

# Earning Season

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment633

  • Top
  • Latest
  • Great article! I would like to share it.
    Reply
    Report
  • Tangen
    ·08-06
    Great article! I would like to share it.
    Reply
    Report
  • Awesome analysis!
    Reply
    Report
  • Great article! I would like to share it.
    Reply
    Report
  • Tangen
    ·08-03
    Great article! I would like to share it.
    Reply
    Report
  • Great article! I would like to share it.
    Reply
    Report
  • Ghuna
    ·08-01
    sounds gd
    Reply
    Report
  • SteveGoh
    ·08-01

    Like please

    Reply
    Report
    Fold Replies
  • ThaiGirl
    ·08-01
    Well done. Keep it up.
    Reply
    Report
  • angkw
    ·08-01
    👍, Thanks for sharing
    Reply
    Report
  • adeley
    ·08-01
    only sheng siong ftw
    Reply
    Report
  • max31415
    ·08-01
    Thanks fir sharing!
    Reply
    Report
  • limnorth
    ·08-01
    Good results. Stable to hold for passive income
    Reply
    Report
  • ZenInv
    ·08-01
    Will the retailers slow down?
    Reply
    Report
  • HelenJanet
    ·08-01
    Thanks for sharing 👍😊
    Reply
    Report
    Fold Replies
    • limyb
      ok
      08-01
      Reply
      Report
  • Interesting and thank you
    Reply
    Report
  • Feijoa8025
    ·08-01

    Good news !

    Reply
    Report
    Fold Replies
  • Eng22
    ·08-01
    Nice the past 2 years would hv given earnings a lot of boost.
    Reply
    Report
  • fantastic
    Reply
    Report
  • lzh77
    ·07-31
    sheng shiong sheng sheng sheng
    Reply
    Report