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Straits Trading sees near-trebling of 4Q earnings to $14.1 mil despite lower revenue

Michelle Zhu
Michelle Zhu2/28/2019 05:42 PM GMT+08  • 2 min read
Straits Trading sees near-trebling of 4Q earnings to $14.1 mil despite lower revenue
SINGAPORE (Feb 28): Straits Trading Company saw its 4Q18 earnings nearly treble to $14.1 million from $5.2 million a year ago, mainly due to higher other items of income as well as reduced other items of expense.
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SINGAPORE (Feb 28): Straits Trading Company saw its 4Q18 earnings nearly treble to $14.1 million from $5.2 million a year ago, mainly due to higher other items of income as well as reduced other items of expense.

This brings the group’s earnings for FY18 to $71.7 million, which is 54.5% higher than the $46.4 million reported in the previous year.

Revenue for the latest quarter dipped 1.7% to $104.7 million from $106.5 million in 4Q17 due to a 7.8% decline in tin mining and smelting revenue to $94.9 million

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