Metro Holdings Limited (Metro) (SGX:M01
) says that it is expected to record a loss attributable to shareholders for FY2026 ended March 31.
The loss arises after taking into account its associates’ and joint ventures’ operating results from the fair value loss of the investment properties and impairment losses on the development properties, as well as the fair value loss of its investment properties and impairment loss made on its underlying investments, mainly due to the ongoing China prolonged property sector headwinds.
The company says that the fair value losses on investment properties, impairment losses on development properties and investments are largely non-cash in nature and there is no material impact on its operational cash flows and corporate funding requirements.
Metro is finalising its unaudited consolidated results for FY2026 and expects to announce on or before May 22.
Shares of Metro Holdings closed 1 cent higher, or up 2.06% to 49.5 cents on April 30.
