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.
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.
