Sheng Shiong net profit up 8.3% y-o-y to $34.4m for 3Q FY2021

Gross profit also saw a jump by 14.2% to $100.9m.

Sheng Siong reported a net profit y-o-y growth of 8.3% to $34.4m for 3Q FY2021.

Revenue for the same period also increased by 6.4% to $348.1m, owing to the rising cases of community infection.

As a result of this, gross profit also saw an increase by 14.2% y-o-y to $100.9m. The gross margin had an improvement of 2 percentage points to 29% in 3Q FY2021, due to an improved sales mix of products with a higher margin.

Administrative expenses bumped up by 1.4% y-o-y to $58.2m in 3Q FY2021, due to an absence of property tax rebates.

Cash generated from operating activities amounted to $45.8m in the period, with total cash and cash equivalent standing at $235.5m as of September 30, 2021.

Going forward, Lim Hock Chee, CEO, said that they expected the relaxation of border controls to help with the manpower crunch. Expansion into China is also expected, as a fourth store is expected to be operational by the end of 2021.

Follow the link for more news on

Sheng Siong

financial report

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia