The higher revenue was mainly driven by an 8.0% y-o-y increase in same store sales, and supported by a longer sales period before the Chinese New Year compared to last year.
Sheng Siong Group (SGX:OV8
) has reported earnings of $36.3 million for the 1QFY2024 ended March 31, 8.9% higher y-o-y.
Revenue for 1QFY2024 increased by 5.5% y-o-y to $376.2 million, while the group’s net profit margin (NPM) increased 0.3 percentage points (ppts) y-o-y to 9.7%.
