Metro

Metro: Announced good set of 4Q12 results. Rev at $48.1m, +6.7% yoy, while net profit at $78.5m, +439.7% yoy, largely attributed to gains from other income. Grp saw higher turnover of both the ppty and retail divisions, although gross profit at $16.6m was 10% lower as operational costs were higher. Other income at $102.1m, due to $98.7m gain on disposal of the Group’s 50% interest in Huamao, which owns Metro City Beijing. Grp has declared divs of 6c/shares (2c ordinary, 4c special) translating to a 7.7% yield.