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One-off acquisition expenses drag down Straco's Q4 profit

Earnings for 2014 final quarter down more than a fifth at S$4.43m

Singapore

ONE-OFF expenses of S$1.98 million related to the acquisition of the Singapore Flyer, coupled with an exchange loss of S$37,000 versus an exchange gain of S$0.48 million from the corresponding period a year ago, dragged tourism operator Straco Corpora-tion's fourth-quarter net

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