Sheng Siong reports higher net profit of $38.5 mil for 1QFY2025 from eight new stores and Hari Raya festival sales

Sheng Siong Group has reported a net profit of $38.5 million for the 1QFY2025 ended March 31, 2025, up 6.1% y-o-y.

The group's revenue for the period came in 7.1% y-o-y higher at $403 million, while gross profit came in 10.2% y-o-y higher at $122 million.