Sheng Siong's profits soared 98% to $74.82m in H1

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No The company saw elevated consumer demand in Q2. Sheng Siong Group's profit attributable to its owners surged 98% YoY to $74.82m in H1 2020, from $37.78m in H1 2019, the company announced. Revenue rose 52.7% to $747.4m over the same period. In Q2, profit soared 150.4% YoY to $46.12m, whilst revenue expanded 75.8% to $418.67m. This was mainly driven by elevated demand as consumers stocked up to hedge against the risks of the supply chain disruption and the Circuit Breaker measures. The company declared an interim cash dividend of $0.035 cent per share. read more