Higher operating profit margins led to Singaporean grocery chain Sheng Siong reporting a net profit of SGD11.8 million (USD8.7m) for its fourth quarter ended in 31 December 2014, up 26.5 percent from SGD9.3 million a year ago.
Revenue rose 4.7 percent to SGD178.4 million, from SGD170.4 million a year ago.
(Source: The Business Times)