Supermarket chain Sheng Siong Group has made a S$17.1 million profit for the second quarter, a growth of 6.4 per cent on last year’s figures.

The increase follows a 5.7 per cent rise in revenue to $213 million last year, during which time the business opened seven new stores.

Sheng Siong owns 50 stores in Singapore, and opened its first location in China within the past year.

The firm’s CEO Lim Hock Chee said, “In line with our commitment to expand our retail network across Singapore, particularly in areas we do not have a presence, we will stay focused but disciplined to look for new retail space. Nurturing the growth of our new stores in Singapore and China, and rejuvenating the old stores remain one of our key priorities.

“We will continue with our efforts in lowering input cost by improving the sales mix with a higher proportion of fresh produce, and increasing labour productivity by deploying smart processes and systems.”