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Straco Corp reports 3QFY2021 earnings of $4.4 million, down 32.4% y-o-y

The Edge Singapore
The Edge Singapore11/18/2021 5:52 PM GMT+08  • 2 min read
Straco Corp reports 3QFY2021 earnings of $4.4 million, down 32.4% y-o-y
As at Sept 30, the company has a cash balance of $173.1 million which works out to just over 20 cents per share.
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Straco Corporation has reported earnings of $4.4 million for its 3QFY2021 ended Sept, down 32.4% y-o-y. Revenue in the same period was down 7% y-o-y to $13.7 million, as the effects of the pandemic weigh down its operations.

While the company was profitable, it explains that the bottomline was helped by favourable forex, wage subsidies and rental waiver.

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