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Metro's Q3 profit falls 12.6% on flat retail sales, lower associate contributions

Metro closed its City Square mall branch (above) at the end of 2015. Takings from the moving-out sale offset the absence of sales from the already-closed Metro Sengkang outlet.


METRO Holdings' net profit fell 12.6 per cent in the third fiscal quarter on flat retail sales and lower contributions from associates, the department store operator and property developer announced on Thursday after the market closed.

The company earned S$55.9 million,