Metro H2 profit plunges 81.9% to S$11.3m on lower revenue

Singapore

METRO Holdings posted an 81.9 per cent plunge in net profit to S$11.3 million for the half year ended March 31, 2020, from S$62.4 million a year ago.

This came as the property investment and retail group's revenue for the period fell 14.6 per cent, dragged by lower sales from its retail division, partially offset by higher contributions from Metro's property segment.