Sheng Siong shares climb as 2Q results meet expectations on back of new store openings
Stanislaus Jude Chan • • 4 min read
SINGAPORE (July 31): Shares in Sheng Siong Group are marching higher following its 2Q results announcement on Monday, which saw the supermarket chain report earnings in line with consensus expectations.
Follow us on Facebook and join our Telegram channel for the latest updates.
SINGAPORE (July 31): Shares in Sheng Siong Group are marching higher following its 2Q results announcement on Monday, which saw the supermarket chain report earnings in line with consensus expectations.
For the 2Q19 ended June, Sheng Siong reported a 7.4% increase in earnings to $18.4 million, as revenue grew 11.8% to $238.2 million on the back of contribution from the opening of 13 new stores.
Never miss out on important financial news and get daily updates today
×
Download The Edge Singapore App
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
