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Metro's 4Q earnings surge to $51 mil on fair value gains & share of JVs

Michelle Zhu
Michelle Zhu5/28/2019 07:29 AM GMT+08  • 2 min read
Metro's 4Q earnings surge to $51 mil on fair value gains & share of JVs
SINGAPORE (May 28): Metro Holdings has announced 4Q19 earnings of $51 million compared to $1 million a year ago, due to higher revenue and fair value gains, as well as a surge in share of results in joint ventures (JVs).
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SINGAPORE (May 28): Metro Holdings has announced 4Q19 earnings of $51 million compared to $1 million a year ago, due to higher revenue and fair value gains, as well as a surge in share of results in joint ventures (JVs).

The group’s earnings for the full year nonetheless came in 40.2% lower at $95.3 million compared to $159.2 million in FY18 on the back of comparatively lower share of results of associates.

Revenue for 4Q grew 16.6% to $40 million from $34.3 million in 4Q18, driven mainly by a one-off sale of property rights of residential development properties in Bekasi, Jakarta.

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