Sheng Siong Group Ltd.SGX: OV8

Sheng Siong Group: Revenue and profit grew in FY2024, with margin gains and continued store expansion

· Issued by Sheng Siong Group Ltd.

FY2024 revenue rose 4.5% to S$1.43 billion, with net profit up 2.6% to S$137.5 million and gross margin at 30.5%. Eight new stores opened, and a final dividend of 3.20 cents per share is proposed. Expansion and operational efficiency remain key priorities.

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