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

Singapore

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, or 6.7 Singapore cents per share, in the three months ended December 2015. For the nine-month period, net profit dropped 17.2 per cent to S$112.0 million.

Metro shares closed at 87 Singapore cents on Thursday befor…