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Straco Corp posts 0.4% lower 4Q earnings of $6 mil; announces special & final dividend

Michelle Zhu
Michelle Zhu2/28/2019 07:38 PM GMT+08  • 2 min read
Straco Corp posts 0.4% lower 4Q earnings of $6 mil; announces special & final dividend
SINGAPORE (Feb 28): Straco Corporation saw a marginal 0.4% y-o-y dip in 4Q18 earnings to $6.04 million from $6.07 million a year ago, as lower revenue for the quarter was offset by lower expenses compared to the corresponding period.
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SINGAPORE (Feb 28): Straco Corporation saw a marginal 0.4% y-o-y dip in 4Q18 earnings to $6.04 million from $6.07 million a year ago, as lower revenue for the quarter was offset by lower expenses compared to the corresponding period.

For the FY18 ended Dec 2018, the group reported 12.4% lower earnings of $41.8 million compared to $47.7 million for FY17.

Revenue for the latest quarter fell 9.2% to $22.3 million from $24.6 million a year ago due to lower contributions from Shanghai Ocean Aquarium (SOA), Underwater World Xiamen (UWX), and the Singapore Flyer as all three attractions registered lower visitor numbers.

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