Yahoo Finance Sheng Siong Group Reports First Quarter 2024 Earnings
Sheng Siong Group (SGX:OV8) First Quarter 2024 Results
Key Financial Results
Revenue: S$376.2m (up 5.5% from 1Q 2023).
Net income: S$36.3m (up 8.9% from 1Q 2023).
Profit margin: 9.7% (in line with 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sheng Siong Group Earnings Insights
Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Retailing industry in Asia.
Performance of the market in Singapore.
The company's shares are up 2.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Sheng Siong Group, and understanding this should be part of your investment process.
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