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Sheng Siong's Net Profit Jumps 12% in H1

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Sheng Siong's (SGX:OV8) net profit rose 12% during the first half of the year to SG$81 million from SG$72.3 million a year earlier, according to a Wednesday filing with the Singapore Exchange.

Earnings per share came in at SG$0.0538 compared with SG$0.0481 in the year-ago period.

The online grocery and shopping company's revenue was up 12% year over year to SG$855.4 million from SG$764.7 million.

The company declared an interim dividend of SG$0.0375 per share, up from SG$0.032 a year earlier. The dividend will be paid on Aug. 28.

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