Metro Holdings net profit up 7.2% YoY to $25.3m in FY23

Its revenue grew 16.7% YoY to $117.2m.

SGX-listed Metro Holdings Limited's (Metro Holdings) net profit after tax grew by 7.2% to $25.3m for the full fiscal year ended 31 March, from $23.7m in the last year.

In a bourse filing, the company attributed the increase to "the higher contributions from its investment properties of associates and joint ventures in China with lower rental rebates and waivers granted to tenants arising from the country's COVID-19 lockdowns."

The company also recorded a 16.7% YoY rise in its revenue to $117.2m from $100.5m.

Its retail division had a sizeable contribution, with $104m due to higher sales from Metro Paragon and Metro Causeway Point.

However, its property division recorded lower revenue of $6.4m due to lower sales of property rights of the residential development properties in Bekasi and Bintaro, Jakarta, Indonesia.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia