The Straits Trading Company has reported earnings of $51.5 million for FY2020, down 39% over the preceding FY2019. Revenue in the same period was down 15.1% to $308.9 million, with a drop in its tin mining business somewhat offset by its property business.

Straits Trading’s associate, real estate management firm ARA Asset Management has increased its assets under management to $119 billion as at Dec 31 2020, ahead of its own $100 billion target. Back in Dec 31 2019, the AUM was $88 billion.

In addition, ARA continued to expand its recurring fee business via inorganic and organic growth strategies. In May and June 2020, Straits Trading increased its ownership in ARA from 20.95% to 22.06%. 

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