Sheng Siong Group Ltd.SGX: OV8

Sheng Siong Group: Revenue and profit rose on new stores and festive sales, with margin gains despite sector risks

· Issued by Sheng Siong Group Ltd.

Revenue grew 7.1% to S$403.0M and net profit rose 6.1% to S$38.5M, driven by new stores and festive sales. Gross margin improved, but China operations remained at a deficit. Expansion continues amid cautious consumer sentiment and supply chain risks.

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