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Metro's Q2 profit falls 12.6% to S$16.2m
Published Mon, Nov 14, 2016 · 09:50 PM
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Singapore
RETAILER and real estate developer Metro Holdings reported a poorer showing in its fiscal second quarter, affected by the closures of two of its retail stores in earlier periods.
Metro said its revenue for the quarter ended Sept 30, 2016, fell 26.1 per cent to S$28.3 million, from S$38.3 million the year before.
This was due mainly to the closures of Metro Sengkang and Metro City Square in Singapore in 2015. The group said this caused its retail division to …
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