Sheng Siong Group Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported profit for the period of SGD 10.50 million, or 0.76 cents per diluted share on revenue of SGD 179.39 million compared to profit for the period of SGD 16.84 million, or 1.22 cents per diluted share on revenue of SGD 159.80 million in the prior-year period. Results from operating activities were SGD 12.42 million compared to SGD 19.93 million in the prior-year period. Profit before tax was SGD 12.62 million compared to SGD 20.14 million in the prior-year period. Cash flows from operating activities were SGD 3.87 million compared to SGD 13.52 million in the prior-year period. Purchase of property, plant and equipment was SGD 1.32 million compared to SGD 0.79 million in the prior-year period.

Sheng Siong Group Ltd., Special/Extraordinary Shareholders Meeting, Apr 25, 2013., at 10:30 Singapore Standard Time. Location: 6 Mandai Link. Agenda: To consider adoption of the proposed share buyback mandate.

Sheng Siong Group Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of SGD 160,897,000 against SGD 138,860,000 a year ago. Results from operating activities were SGD 9,553,000 against SGD 5,265,000 a year ago. Profit before tax was SGD 9,643,000 against SGD 5,223,000 a year ago. Profit was SGD 7,989,000 or 0.58 cents per share against SGD 3,751,000 or 0.30 cents per share a year ago. Cash flows from operating activities were SGD 19,648,000 against SGD 3,204,000 a year ago. Purchase of property, plant and equipment was SGD 6,751,000 against SGD 2,266,000 a year ago. For the year, the company reported revenue of SGD 637,317,000 against SGD 578,443,000 a year ago. Results from operating activities were SGD 49,731,000 against SGD 34,273,000 a year ago. Profit before tax was SGD 50,392,000 against SGD 34,210,000 a year ago. Profit was SGD 41,677,000 or 3.01 cents per share against SGD 27,256,000 or 2.21 cents per share a year ago. Cash flows from operating activities were SGD 33,833,000 against SGD 24,914,000 a year ago. Purchase of property, plant and equipment was SGD 12,241,000 against SGD 23,621,000 a year ago. The increase in net profit was due mainly to contribution from the new outlets, improvement in comparable same store sales and a one-off gain of SGD 10.5 million from the disposal of the Marsiling warehouse. Revenue increased 10.2% because of the opening of new outlets in fiscal 2011 and fiscal 2012 and improved comparable same store sales. This was partially offset by the closure of the Katong store in the third quarter of 2011.