Free Subscription

  • Access 15 free news articles each month


Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

Metro Holdings’ final quarter cushions tough year

Metro Holdings reports a 3.5 per cent increase in revenue to S$33.7 million (US$24.3 million) for its fourth quarter, thanks to higher sales.

Net profit for the quarter swelled to S$34.2 million, compared with S$1.2 million a year ago, through the absence of a S$9.5 million impairment from a JV, lower general and administrative expenses and a higher share of associates’ results.

The property and retail group’s latest financials also show that for the full year its revenue fell 15.1 per cent to S$131.2 million while net profit fell 28.7 per cent to S$80.7 million – a result of the absence of contribution from Metro City Square and Metro Sengkang with their closures last year.

You have 7 free articles.

Masterclasses are for professionals only

Only $4 USD p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines