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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.
Virtual currencies are worth virtually nothing.

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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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16-04-2018, 05:48 PM,
Post: #413
RE: Metro Holdings
Metro Holdings Grows Its Indonesian Presence in Property Market

Metro Holdings Limited further grows its presence in Indonesia through a strategic partnership with Trans Corp, for the development, marketing and sales of two residential towers in Bintaro, Jakarta for a total investment value of approximately Rp1.33 trillion (approximately S$127 million), together with Lee Kim Tah Group. The Metro Group’s 90% commitment for the investment is approximately Rp1.20 trillion (approximately S$114 million).

The development of the Bintaro project will be over a site area of about 1.6 hectares, comprising of two residential towers (with approximately 1,400 apartment units and 170 Small Office Home Office “SoHo” units) where the residential units are positioned for the middle to middle upper level market with quality design. A wide range of integrated facilities will be made available including Trans Studio, a retail mall with gross floor area of approximately 22,361 square metres with Transmart, cinemas, F&B and a theme park, Kidcity. The ground-breaking ceremony of the Bintaro project was held on 23 March 2018 and the construction of the development is targeted to be completed by mid 2021.

This comes close after an earlier announcement of Metro’s partnership with Trans Corp and the Lee Kim Tah Group in the Bekasi project on 3 November 2017 to develop, market and sell five 32-storey residential towers (with approximately 5,600 apartment units), Trans Park Residences, part of the landmark mixed development project, Trans Park @ Juanda Bekasi in Jakarta, for a total investment value of approximately Rp1.99 trillion (approximately S$200.4 million).

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Specuvestor: Asset - Business - Structure.
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