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Straits Trading reports 2.7% decline in 1Q earnings to $21.9 mil on lower revenue

Michelle Zhu
Michelle Zhu5/15/2017 6:56 PM GMT+08  • 2 min read
Straits Trading reports 2.7% decline in 1Q earnings to $21.9 mil on lower revenue
SINGAPORE (May 15): Straits Trading Company, the group with stakes in real estate, hospitality resources and investments in Asia Pacific, has announced $21.9 million in earnings for the first quarter ended March 31 – representing a 2.7% decline from its
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SINGAPORE (May 15): Straits Trading Company, the group with stakes in real estate, hospitality resources and investments in Asia Pacific, has announced $21.9 million in earnings for the first quarter ended March 31 – representing a 2.7% decline from its previous year’s earnings of $136.5 million.

This brings earnings per share for the quarter under review to 5.4 cents from 5.5 cents a year ago.

Total revenue fell 5% to $133.5 million from $140 million a year ago on lower contributions from both its tin mining & smelting and property segments, which fell 4.7% and 14.4% to $130 million and $3.4 million respectively.

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