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Straits Trading 1HFY2021 earnings hit $122.6 million

The Edge Singapore
The Edge Singapore8/13/2021 05:43 PM GMT+08  • 2 min read
Straits Trading 1HFY2021 earnings hit $122.6 million
Straits Trading's stake in ARA is carried at $430 mil and ESR's acquisition values it at $1.14 bil
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Straits Trading, which has interests in property and tin mining, has reported earnings of $122.6 million for 1HFY2021, a big jump from $5.5 million in the year earlier.

Revenue in the same period was $219 million, up 62.2%, with higher contributions from most business segments except hospitality.

“Despite the global pandemic, our Group’s performance in 1H2021 demonstrated the resilience of our strategy as a conglomerate investment company with both operations as well as financial investments in real estate, hospitality, and resources," says executive chairman Chew Gek Khim.

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