SINGAPORE (Oct 23): Sheng Siong Group is up 2.9% at 87.5 cents after the supermarkets chain operator says its net profit rose 18.7% year-over-year as it improved its sales and margins.

Net profit in the July-to-September quarter was $14.5 million, compared with S$12.2 million in the same period last year, Sheng Siong said in a statement to Singapore Exchange after markets closed on Thursday.

Revenue rose 7.3% year-over-year to $200 million, Sheng Siong said.