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Sheng Siong Group reports 4.8% higher earnings of $66.9 mil in 2HFY2021; declares final dividend of 3.1 cents per share

Felicia Tan
Felicia Tan • 2 min read
Sheng Siong Group reports 4.8% higher earnings of $66.9 mil in 2HFY2021; declares final dividend of 3.1 cents per share
Total dividend for the FY2021 came to 6.2 cents per share, or a dividend payout ratio of 70%.
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Sheng Siong Group has reported earnings of $66.9 million for the 2HFY2021 ended December, 4.8% higher than earnings of $63.8 million in the same period the year before.

Earnings per share (EPS) for the 2HFY2021 stood at 4.45 cents, up from the 4.25 cents in the 2HFY2020.

2HFY2021 revenue increased 6.4% y-o-y to $688.1 million as three new stores, which were opened in the 2HFY2020, contributed 23.9% to the increment. Two new stores that were opened in August and November 2021 in China also contributed to the revenue growth.

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