Sheng Shiong has been doing good the past year in 2020. Even staff from Sheng Shiong have a higher year end bonus compared to other supermarket companies.
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Their net profit was 83.7% higher than on 2019 for their their 2020 financial year.
It’s net profit was s$139.1 million after the end of the year 2020.
75% of the increase in profit came from existing stores while the rest was from the new stores by them.
Said by Sheng Shiong, demand rose after the Dorscon alert was orange at Feb 2020 and continues to increase even after circuit breaker was lifted.
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