In addition to sales from new stores, Sheng Siong has improved its gross profit margins by lowering its cost of sales gradually during this five-year period.
This is an increase from 44 stores with total retail area ofsquare feet as at 31 December In spite of this, FY18 net profit took a plunge sinking The completion was initially scheduled for Q1 but has been delayed to Q4 Over the past six years, its trade receivables turnover days has averaged at days.
You should contact your relationship manager or investment adviser if you need advice on the merits of buying, selling or holding a particular investment. The following year, it commenced the construction of a new extension to the existing warehouse.
Upon completion, it would add another 97, square feet of warehouse space for Sheng Siong. Source: Annual Reports of Sheng Siong 2. In addition, the group is also looking to set its footprints outside of Singapore following the opening of its first overseas outlet in Kunming China in November Get up to speed with this Quick-Start Manual that'll show you how to be profitable in the stock market - Written in simple English that's extremely easy to understand, yet packs plenty of valuable profit strategies every investor must know