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Metro Holdings fiscal Q3 profit climbs YOY

Metro Holdings Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 5 Singapore cents per share, an increase from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was S$40.2 million, a gain from S$19.5 million in the prior-year period.

The normalized profit margin increased to 96.6% from 48.9% in the year-earlier period.

Total revenue rose year over year to S$41.5 million from S$39.8 million, and total operating expenses rose 13.1% from the prior-year period to S$45.1 million from S$39.9 million.

Reported net income rose year over year to S$63.9 million, or 8 cents per share, from S$29.3 million, or 4 cents per share.

As of Feb. 13, US$1 was equivalent to S$1.35.