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Lower fair-value gains from units dent Metro's Q4 profit

Gross earnings fall despite higher revenue; group books S$8.8m writedown of costs for Metro Centrepoint

Nisha Ramchandani

Published Thu, May 28, 2015 · 09:50 PM

Singapore

LOWER fair-value gains on investment properties of associates and joint ventures - coupled with lower gross profit and an impairment - pulled Metro Holdings' net profit down by a near 83 per cent to S$7.59 million for the fourth quarter ended March 31 (Q4FY15).

This was despite a 19 per cent increase in Q4 revenue to S$41.72 million on the back of higher turnover from the retail division as its new store at …

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