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Metro Holdings
14-02-2017, 11:59 AM,
Post: #411
RE: Metro Holdings
Metro Holdings reports slump in Q3 profits..

PROPERTY and retail group Metro Holdings reported a 63.3 per cent year on year plunge in net profit to S$20.49 million for the third quarter ended Dec 31, 2016.
This was largely due to lower share of associates' results, which fell to S$9.03 million from S$57.65 million because of lower contributions from the recognition on handover of sales of properties of the Nanchang project.
Revenue fell 9 per cent to S$37.3 million as the Metro City Square department store was closed by the retail division in mid 3QFY2016.
Meanwhile, earnings per share for the quarter under review fell to 2.5 Singapore cents, from 6.7 cents a year ago.
The group warned that it will continue to be affected by significant currency translation adjustments on foreign operations, which will affect the results and the balance sheet, due to volatility in foreign currency exchange rates. The majority of its assets are located in China.
"I love Taiwan"

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30-05-2017, 03:04 PM,
Post: #412
RE: Metro Holdings
Financial Results for the Financial Year ended 31 March 2017 ("FY2017")

Highlights :
1. Metro Holdings registered revenue of S$131.2 million for FY2017
2. Net Profit of S$81.0 million for FY2017 versus S$113.3 million in FY2016
3. Metro’s core Property Division registered a decrease in profit before tax to S$82.5 million in FY2017 from S$122.3 million in FY2016
4. Balance sheet remains healthy, with shareholders’ equity of approximately S$1.35 billion as at 31 March 2017
5. Net cash declines to S$323.5 million as Group deployed cash to accretive investments; will continue to capitalise on new investment opportunities
6. Declares final dividend of 2.0 Singapore cents and final special dividend of 3.0 Singapore cents per ordinary share.

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Specuvestor: Asset - Business - Structure.
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