Topic
17 stories in this topic
Singapore’s supermarket chain Sheng Siong aims to open three to five new outlets every year in the country in the near term, the company said in a bourse filing today (Apr 20). The near term plan will be within the next three to five years, and this adds up…
Listed Singaporean supermarket chain Sheng Siong’s profit soared 54.4 percent in the third quarter to US$23.27 million, riding a wave of increased sales in the grocery sector. Revenue jumped 28.9 percent to $239.5 million, while gross profit grew 28.7 percent…
Singapore consumers’ migration from food halls to supermarkets during the Covid-19 pandemic has proven a windfall for grocery operator Sheng Siong Group. Sales for the June quarter surged 75.8 percent to US$304.3 million, gross profit margin improved from…
Singapore supermarket operator Sheng Siong boosted net profit by 49 percent in the March quarter as sales surged due to the Covid-19 pandemic. Sales were up by 30.7 percent in the quarter, or by 19.7 percent on a same-store basis, initially due to stronger…
Singapore supermarket operator Sheng Siong says it plans to open more stores across the city in the wake of a 7.4-per-cent profit increase last year. Sheng Siong Group achieved a net profit of S$75.8 million (US$54 million) for the December year on revenue up…
Singaporean supermarket chain Sheng Siong has reported a 16.4-per-cent year-on-year increase in net profit to SG$20.6 million (US$15.1 million) for the third quarter. The increase is largely attributed to an increase in gross profit arising from the growth in…
The Consumers Association of Singapore (Case) has released an app rewarding users for sharing pricing information to allow comparisons while shopping. Users of the Price Kaki app, which is expected to launch at the end of this month, can submit photos of any…
Singapore supermarket operator Sheng Siong boosted its net profit by 7.4 percent in the June quarter, to S$18.42 million. Sales rose 11.8 percent to $238.16 million on the back of 13 new store openings. However, the company has warned investors that…
Singapore supermarket chain Sheng Siong Group has reported a 1.4 per cent year-on-year rise in net profit to S$70.5 million for 2018. Revenue, gross profit and gross margin all improved in both the final quarter and full year, but they were offset by a…
Singapore’s Sheng Siong supermarket group is on track to open its 50th store this year, with bids in play for locations in Bukit Batok and Sumang Lane. And an analyst familiar with the business, CGS-CIMB’s Cezzane See, says the group’s pipeline is robust,…
Sheng Siong profits rose a stunning 25.3 per cent for the three months to September 30, to S$19.6 million. The supermarket operator cited higher sales, a tax refund and lower operating costs for the improved fortunes. Excluding its $2.2 million tax refund,…
Supermarket chain Sheng Siong Group (SSG) has put in the highest bid for a 3100sqft (287.9sqm) store in Edgedale Plans, Punggol. It has also submitted the second-highest bid for another store the same size along Woodlands Drive. SSG’s 41,500sqft Woodland…
Supermarket chain Sheng Siong Group had a 6.1 per cent increase in net profit to S$16.1 million (US$11.8 million) for its second quarter, to the end of June. It attributes this to higher gross profit generated by revenue growth and improved gross margin,…
The Singapore online grocery market is set to more than triple in size over the next three years, according to research house IGD. The global organisation expects sales will rise from the current S$130 million (US$91 million) to S$500 million (US$350 million)…
Even with the sluggish retail sales numbers published by the Department of Statistics, Singapore’s supermarket giant Sheng Siong reported a considerable improvement in earnings for 3Q16. According to the group’s announcement, its net earnings jumped $15.6m,…
The third largest chain of supermarkets in Singapore Sheng Siong loses 90 metal trolleys and 180 plastic ones over its outlets each month. That interprets into a stunning $120,000 loss on just trolleys. Furthermore, this supermarket chain is not the only one.…
