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Metro Holdings reports fall in profits for 1HFY23 due to lockdowns, lower JV profits and rental rebates in China

Lim Hui Jie
Lim Hui Jie • 2 min read
Metro Holdings reports fall in profits for 1HFY23 due to lockdowns, lower JV profits and rental rebates in China
The company recorded a higher revenue, largely due to its retail division. Photo: Metro Holdings
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Metro Holdings has reported a net profit after tax of $16.8 million for its 1HFY2023 ended 30 September, compared to $18.4 million in the same period a year ago.

Revenue for Metro came in at $53.9 million in 1HFY2023, as compared to $40.8 million in 1HFY2022.

This was largely due to its retail division reporting higher sales of $47.3 million in 1HFY2023 from $35.3 million in 1HFY2022.

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