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Metro's 3Q earnings surge 7 times to $147 mil on gain from disposal of 8 projects by Top Spring

PC Lee
PC Lee2/12/2018 06:36 PM GMT+08  • 2 min read
Metro's 3Q earnings surge 7 times to $147 mil on gain from disposal of 8 projects by Top Spring
SINGAPORE (Feb 12): Metro Holdings, the property group backed by regional retail operations, reported 3Q18 earnings surged 7.2 times to $146.7 million from $20.5 million a year ago.
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SINGAPORE (Feb 12): Metro Holdings, the property group backed by regional retail operations, reported 3Q18 earnings surged 7.2 times to $146.7 million from $20.5 million a year ago.

Overall, net profit was lifted by the group’s share of a divestment gain from Top Spring International's very substantial disposal of eight property projects.

Revenue rose 5.4% to $39.3 million from $37.3 million a year ago as the retail division reported higher sales. Accordingly, gross profit rose 34.8% to $4 million.

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