Metro Holdings’ net profit up 33.2% to $142.4m in FY15
Thanks to Metro Centrepoint store.
Metro Holdings, a Mainboard-listed property development and investment group, reported that its net profit grew 33.2% to $142.4m in FY15.
This was achieved on the back of a 4.8% increase in revenue to $145.8m, up from $139.2m over the same period.
The rise was mainly due to the higher turnover driven by its retail division’s new Metro Centrepoint store in Singapore, which commenced operations in the third quarter.
The group’s results were also boosted by the strengthening of the Renminbi against the Singapore dollar.