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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
Friday, May 29, 2015 - 05:50

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).

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