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Metro Holdings (Metro)
New appointments
CEO of Metro’s retail arm to step down
Its head marketing and merchandising controller and e-commerce is appointed as COO of its retail business.
November 15, 2023
Results
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.
November 11, 2022
Property
Metro acquires 17th property in Australia; makes four PBSA acquisitions in the UK
Shares in Metro closed 1 cent lower or 1.48% down at 66.5 cents on Oct 3.
October 03, 2022
M&A
Metro Holdings takes 10% stake in Hyphens Pharma subsidiary DocMed at $60 mil valuation
Hyphens Pharma has a market value of just over $88 million.
May 27, 2022
Results
Metro posts 14% growth in FY21 earnings, declares ordinary and special dividends totalling 2.25 cents per share
EPS for FY2021 came in at 4.4 cents, compared to 3.9 cents the previous year.
May 25, 2021
Broker's Calls
As Metro mulls exit from department store business, DBS weigh the implications on SPH REIT and FCT
The department store is one of the top 10 tenants by gross rental income (GRI) for both SPH REIT and FCT.
February 03, 2021
Property
Metro Holdings' student accommodation fund acquires property in Bristol, UK for $54.8 mil
The property was completed in August 2020 with 44 studios and 181 en-suite beds over six floors.
January 29, 2021
Results
Metro reports 81.9% plunge in 2H20 earnings to $11.3 mil on fair value losses
Metro Holdings has announced 2H20 earnings of $11.3 million compared to $62.4 million a year ago, mainly due to the fair value adjustments of its investment properties, joint ventures, as well as rental rebates and waivers granted to tenants.
June 25, 2020
Results
Metro reports 29% fall in FY17 earnings to $81 mil on lower share of profit from associates and JVs
SINGAPORE (May 30): Metro Holdings, the property developer and investment group backed by departmental store operations, recorded a 29% fall in FY17 earnings to $81 million from $113.3 million a year ago.
May 30, 2017