Sheng Siong Group Ltd.SGX: OV8

Sheng Siong Group: 3Q FY2024 saw double-digit profit growth, margin gains, and continued store expansion

· Issued by Sheng Siong Group Ltd.

Revenue and net profit rose 5.0% and 12.4% year-over-year in 3Q FY2024, with margin improvements and strong cash flow. Expansion continues with five new stores and a major property acquisition, while inflation and labour costs remain key risks.

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