Metro Holdings’ net profit jumped 118.4% to $63.9m in Q3
Thanks to higher turnover from its retail segment.
Mainboard-listed property development and investment group Metro Holdings reported that its net profit jumped 118.4% year-on-year to $63.9m in Q3.
This was achieved on the back of a 4.5% increase in revenue to $41.5 million for the quarter, up from $39.8m in the same quarter last year.
The topline increase was mainly due to the higher turnover driven by the Retail Division’s new Metro Centrepoint store in Singapore which commenced operations during the quarter.