SINGAPORE: Main Board-listed Metro Holdings Limited has recorded a 33.2 per cent rise in net profit to $142.4 million for the full year ended March 2015, with a 4.8 per cent increase in revenue over the same period.
The rise was mainly due to the higher turnover driven by the company Retail Division’s new Metro Centrepoint store as well as the strengthening of the Renminbi against the Singapore dollar, the company said in a statement Thursday.
The property development and investment group is backed by established retail operations in the region.
The Division’s revenue rose to $135.7 million in FY2015 as compared to $128.2 million in FY2014, but higher operating and overhead expenses, coupled with a write down of its property, plant and equipment of $8.8 million, affected the division’s overall performance.
