Gross profit grew 4.8% y-o-y to $215 million, while profit margins recorded a slight 0.4 percentage points growth to 30.1%.
Sheng Siong Group has reported a net profit of $70 million for its 1HFY2024 ended June, a 6.8% increase from the previous corresponding period.
Revenue increased 3.4% to $714.2 million, from $690.5 million recorded in 1HFY2023. This was largely driven by a longer sales period prior to the Lunar New Year which fell in February.
