SINGAPORE (Yosefardi) – Metro Holdings Limited, a property development and investment group
backed by established retail operations in the region, recorded a 64.6% increase in net profit to S$106.9 million for the full year ended 31 March 2014 (FY2014), compared to S$65.0 million in the previous corresponding year (FY2013).
This was achieved on the back of a 3.8% increase in sales to S$194.3 mil lion in FY2014, from S$187.1 million in FY2013.
Metro Holdings operates two core business divisions – property development and investment, and retail – and is focused on key markets in the region such as China, Indonesia and Singapore.
Metro’s retail arm serves customers through a chain of four Metro department stores
in Singapore, and another nine department stores in Indonesia.