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Straco 4Q earnings drop 1.2% to $6.07 mil

Samantha Chiew
Samantha Chiew2/28/2018 06:57 PM GMT+08  • 1 min read
Straco 4Q earnings drop 1.2% to $6.07 mil
SINGAPORE (Feb 28): Straco Corporation announced that its 4Q17 earnings dropped 1.2% to $6.07 million compared to $6.14 million in 4Q16.
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SINGAPORE (Feb 28): Straco Corporation announced that its 4Q17 earnings dropped 1.2% to $6.07 million compared to $6.14 million in 4Q16.

This brings FY17 earnings to $47.7 million, 2.7% higher than $46.5 million in FY16.

Revenue for the quarter increased by 5.8% to $24.6 million from $23.2 million last year, mainly due to higher revenue at the group’s three attractions in China- Shanghai Ocean Aquarium (SOA), Underwater World Xiamen (UWX), and Lixing Cable Car, but was partially offset by lower revenue from Straco Leisure which operates the Singapore Flyer.

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