For 1HFY2025, gross profit increased 9.6% y-o-y to $235.6 million, and gross profit margin improved to 30.8%. This was mainly attributable to improvements in the sales mix while navigating the rising business operation costs, the group says.
Sheng Siong Group has reported earnings of $72.35 million for the 1HFY2025 ended June 30, up 3.4% y-o-y.
The group’s revenue for 1HFY2025 rose 7.1% y-o-y to $764.7 million, driven by the opening of eleven new stores in the first half of the year and in 2024.
