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Straco expects to report material operating loss and negative operating cashflow for 1HFY2022

Felicia Tan
Felicia Tan7/18/2022 07:56 PM GMT+08  • 2 min read
Straco expects to report material operating loss and negative operating cashflow for 1HFY2022
Underwater World Xiamen. Photo: Straco
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Straco Corporation, on July 18, announced that it expects to report a material operating loss and negative operating cashflow for the 1HFY2022 ended June.

The group’s financials were affected by the Covid-19 pandemic, which “continues to have a severe impact on the tourism industry”.

Mainboard-listed Straco’s businesses include the Singapore Flyer, as well as indoor aquariums such as the Shanghai Ocean Aquarium and Underwater World Xiamen.

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