SUBSCRIBERS

Dismal results from Metro, FJ Benjamin

Metro Q2 earnings down 70% on lower share of profits from associates and joint ventures, FJ sinks into the red for first quarter

Nisha Ramchandani

Published Wed, Nov 11, 2015 · 09:50 PM

Singapore

PROPERTY and retail group Metro Holdings reported a second-quarter net profit of S$18.57 million, down nearly 70 per cent, due to a lower share of profits from associates and joint ventures.

This was despite a 22.3 per cent rise in revenue to S$38.31 million, thanks to higher turnover from its retail operations as its new store at Centrepoint started operations as well as from higher contributions from existing stores.

Earnings per share for th…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes