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Feb 10, 2021 · Shoppers leave a Sheng Siong supermarket at Canberra estate in Singapore. Most of the company’s 64 stores are found in public housing blocks with a high concentration of flats. Photo: Shutterstock
Oct 27, 2022 · Sheng Siong also identified higher input costs such as energy expenses and excessive promotions by competitors as other factors that could erode margins. It added that it would seek growth by expanding its network of stores in Singapore, especially in areas where it doesn’t have outlets, in tandem with the supply of new public housing estates ...
For the full year ended Dec 31, 2023, Sheng Siong&rsquo s net profit was up 0.3 per cent on the year to $133.7 million, while its revenue climbed 2.1 per cent to S$1.4 billion. These were as operating profit after tax came in at $134 million, higher than the previous year&rsquo s operating profit of $133.6 million.
Apr 28, 2023 · In terms of our strategic focus towards store expansion, the Group has been closely following the development of new HDB projects. As Singapore ramps up its public housing to meet strong demand, there will be 150 concurrent BTO projects by around 2025 [3]. The Group aims to remain agile and tap into new opportunities as and when they arise.”
SHENG SIONG GROUP Sheng Siong Group Ltd is one of Singapore’s largest retailers with 67 stores located all across the island. Our chain stores are designed to provide customers with both “wet and dry” shopping options ranging from a wide assortment of live, fresh and chilled produce, such as seafood, meat, fruits and vegetables to packaged,
Apr 20, 2022 · Responding to questions from its shareholders ahead of the company's annual general meeting to be held on Apr 26, Sheng Siong: OV8 0 % said it will continue to look out for retail spaces in new and existing public housing estates, particularly in areas where they do not have a presence.
Sheng Siong Show EP14 Winner List (SS 34) Sheng Siong Group delivers a net profit after tax of S$134.0… DBS AND SHENG SIONG PARTNER TO HELP SUPPLIERS TRANSITION TO MORE…
