INVESTORS who like to keep an eye on the executive pay figures that crop up in company annual reports would probably have done a double take while flipping through Metro Holdings' report.

For the latest financial year ended March 31, Mr Ong did very nicely indeed. He took home between $9 million and $9.25 million, putting him among the most highly paid chief executive officers (CEOs) in Singapore last year.

An investor looking for an obvious reason for this hike of about 70 per cent would be left scratching his head. After all, Metro's net profit had dipped from $68.7 million to $66 million.

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