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
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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.
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