$SHENG SIONG GROUP LTD(OV8.SI)$

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.

# Q2 Earning Season

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  • davloh
    ·2022-07-31

    [Great] 

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    • limybReplying toNgKenny
      ok
      2022-08-02
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    • NgKenny
      Like
      2022-07-31
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  • HelenJanet
    ·2022-08-01
    Thanks for sharing 👍😊
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    • limyb
      ok
      2022-08-01
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  • max31415
    ·2022-08-01
    Thanks fir sharing!
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  • SilentWarrio
    ·2022-08-01
    Interesting and thank you
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  • Feijoa8025
    ·2022-08-01

    Good news !

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  • PalantirMood
    ·2022-07-31
    Great ariticle, would you like to share it?
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  • limnorth
    ·2022-08-01
    Good results. Stable to hold for passive income
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  • Discoverable
    ·2022-08-01
    fantastic
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  • ZenInv
    ·2022-08-01
    Will the retailers slow down?
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  • lzh77
    ·2022-07-31
    sheng shiong sheng sheng sheng
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  • YSLiu
    ·2022-07-31
    steady hold
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  • SteveGoh
    ·2022-08-01

    Like please

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  • angkw
    ·2022-08-01
    👍, Thanks for sharing
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  • Eng22
    ·2022-08-01
    Nice the past 2 years would hv given earnings a lot of boost.
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  • Tiger Rookie
    ·2022-07-31
    Sheng Siong is great!!!
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  • 云里梦里飞
    ·2022-08-01
    supermarket good business during covid
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  • ThaiGirl
    ·2022-08-01
    Well done. Keep it up.
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  • whyisofat
    ·2022-07-31
    The trend is great
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  • adeley
    ·2022-07-31
    surprisingly now that covid is blowing over
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  • BryanChua17
    ·2022-07-31
    Love SS stock! Held since 2018 n still holding!
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