The group says that its 1HFY2026 performance was impacted by lower interest income, higher share of loss of associates and lower share of profits of joint ventures attributable to higher fair value loss on China properties as well as lower contributions from the retail division.
This was partially mitigated by lower finance costs.
As at Sept 30, the average occupancy for the group’s four investment properties was 78.9%, an increase from the 77.5% in the previous year.
Metro had net assets of $1.1 billion and total assets of $2 billion as at Sept 30.
See also: ST Engineering guides for net profit for 2HFY2025
Shares in Metro closed 1.5 cents lower or 2.752% down at 53 cents on Nov 14.
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