Metro, a multi-brand footwear retail chain that was listed in December, is offering discount vouchers to all its shareholders as a small token of their love and appreciation.
Metro is offering discount vouchers to all its shareholders as a small token for their love and appreciation.
Metro, a multi-brand footwear retail chain that was listed in December, is offering discount vouchers to all its shareholders as a small token of their love and appreciation. With the voucher, shareholders will get 15 percent discount on the company’s products like Metro, Cobbler, Walkway, Crocs and FitFlop. The voucher details will be sent to the registered email-id of the shareholders.
Shareholders important to companies
Shareholders are the backbone of any company. They work to take companies from floor to floor. That’s why companies consider shareholders as their assets. Companies also want shareholders to remain with them. For this, companies give them all kinds of facilities. Multi-brand footwear retail chain Metro, which was listed in December last year, is offering discount vouchers to its shareholders. Shareholders will get a 15 percent discount on the company’s products from the voucher.
However, Metro is not the first company to make such an offer to shareholders. Tata and other companies also keep giving such offers. Metro Company said in the exchange filing that the company is giving discount vouchers to all its shareholders in the form of a small token for their love and appreciation. With the voucher, shareholders will get 15 percent discount on the company’s products like Metro, Cobbler, Walkway, Crocs and FitFlop. The voucher details will be sent to the registered email-id of the shareholders.
What does the company do?
The company sells footwear like Metro, Cobbler, Walkway, Da Vinci and Jay Fontini as well as some third party brands like Crocs, Skechers, Clarks, Florsheim and FitFlops. Metro Brands also offers accessories like belts, bags, socks, masks and wallets at its stores. Multi-brand footwear retail chain Metro Brands reported a net profit of Rs 105.7 crore for the June quarter as against a loss of Rs 12 crore in the year-ago quarter. The total revenue of the company was more than two times Rs 508 crore.
Nissan Joseph, CEO of Metro Brands, says that the first quarter of the new financial year has been a great start for the company. He has set new records in EBITDA before Revenue Interest and Profit After Tax (PAT). Shares of Metro Brands debuted in the stock market in December last year and the stock is up over 74 per cent since listing. On the last day of Metro Brands IPO subscribed, 3.64 times subscription was received. Under the IPO, new shares worth Rs 295 crore were issued and 2,14,50,100 equity shares were offered for sale.
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