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Metro Holdings reports a significant S$224.8 million loss in 2024, citing revenue drops and China exposure.
Metro Holdings, a Singapore-based property investment group, reported a significant net loss of S$228.1 million in the second half of 2024, reversing from a small profit in the previous year.
The loss was due to a 14.6% drop in revenue to S$56.2 million, affected by lower contributions from retail and property sales.
Full-year losses totaled S$224.8 million, blaming non-cash losses from its China exposure and a tough retail market in Singapore.
Despite the losses, Metro maintained its final dividend at S$0.02 per share.
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Metro Holdings informa una pérdida significativa de S $ 224,8 millones en 2024, citando caídas de ingresos y exposición a China.