Serious Singapore Is Confirmed in Trouble

[ckmpd]

LOL! For all your PAP bashing antics, you are actually a LKY cocksucker! If you can swallow LKY's cum, I am sure LHL's shouldn't be too big a problem for you.

I dont bash pap for no reason. LKY and the early leaders did well to care for SG and Singaporeans and deserve some respect. Not this current bunch of white monkeys. so this current bunch deserves all the bashing and more

 

[ckmpd]

I am disappointed that you do so little for your buddy. You could at least donate your brain to him.

he got brains?

 

[kryonlight]

LKY and the early leaders did well to care for SG and Singaporeans and deserve some respect.

As usual, it's pointless arguing with a daft sinkie about why nobody should respect LKY. You will only vomit blood. So yeah, go ahead and suck his oblong dick, you necrophiliac!

 

[winnipegjets]

Wow, an 85% drop in profits.
If this is the new norm, businesses in Spore are doomed.

What is Winston Choo doing in Metro, I thought he was in the Spore Red Cross


http://www.channelnewsasia.com/news...imilar&cid=tg:recos:similar:standard#cxrecs_s

Metro Q4 net profit plummets nearly 85% to S$1.1m

Net profit for the quarter was S$1.1 million, an 84.9 per cent decline from S$7.6 million during the same period a year ago.

Posted 26 May 2016 08:28 Updated 26 May 2016 08:37

SINGAPORE: Property and retail group Metro on Thursday (May 26) posted a nearly 85 per cent plunge in its fourth-quarter net profit, hurt by a decline in revenue and currency fluctuations.

Net profit for the quarter was S$1.1 million, an 84.9 per cent decline from S$7.6 million during the same period a year ago.

Revenue fell 21.9 per cent to S$32.6 million, compared with S$41.7 million a year ago. Other income, including interest income, was down 71.9 per cent to S$2.7 million, mainly due to currency fluctuations.

Full-year net profit was S$113.3 million, 20.4 per cent lower compared with S$142.4 million the previous year.

Metro said retail sales was hit by a softer market and the closure of outlets in Sengkang and City Square. Sales at its Centrepoint outlet have also been affected by the mall’s makeover since May 2015.

The outlook for retail remains challenging, especially with the competitiveness of the industry, discounted trading environment and high operating costs in Singapore, the company added.

“We have ‘right-sized’ our retail stores in Singapore. We continue to focus on providing shoppers with a refreshed experience through a wide and good variety of quality merchandise and by offering innovative and new marketing platforms,” Metro chairman Lt Gen (Rtd) Winston Choo said.

The company declared a final dividend of S$0.02 and a special dividend of S$0.05 per share

What does a retired general know about retailing? That's the problem wth sinkee business ...they hire these privileged ex-soldiers.

 

[johnny333]

What does a retired general know about retailing? That's the problem wth sinkee business ...they hire these privileged ex-soldiers.

Probably a form of corruption, having people with gov't connections means less headaches from the gov't & their red tape.
However it also means higher costs to the company.