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Straits Trading 1H earnings up 4.4% to $30.4 mil

Stanislaus Jude Chan
Stanislaus Jude Chan8/14/2017 6:40 PM GMT+08  • 1 min read
Straits Trading 1H earnings up 4.4% to $30.4 mil
SINGAPORE (Aug 14): The Straits Trading Company posts earnings of $30.4 million for the 1H ended June, up 4.4% from $29.2 million a year ago.
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SINGAPORE (Aug 14): The Straits Trading Company posts earnings of $30.4 million for the 1H ended June, up 4.4% from $29.2 million a year ago.

This was mainly due to higher share of results of associates and joint ventures, which nearly quadrupled to $25.6 million, from $6.5 million a year ago.

The increase was largely due to the absence of additional provision for prior year taxes from a joint venture of Malaysia Smelting Corporation Berhad.

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