Metro Q2 profit doubles with one-off boost

Singapore

ONE-OFF gains from a recently recognised associate bumped Metro Holdings from an operating loss into a doubling of net profit in the second fiscal quarter.

Metro said net earnings for the three months ended Sept 30 surged 100.4 per cent to S$61.2 million, or 7.4 Singapore cents per share, as it enjoyed an initial gain of S$59.3 million from Hong Kong-listed developer Top Spring.