Singapore Flyer helps bolster Straco's Q4 performance

Singapore

THANKS to contributions from the Singapore Flyer, tourist attraction operator Straco Corporation saw a near 42 per cent leap in net profit to S$6.26 million for the fourth quarter ended Dec 31, 2015, in line with higher revenue.

Revenue was up by nearly 23 per cent to S$23.83 million, boosted by revenue from the Singapore Flyer which was acquired in November 2014. However, this was partially offset by lower profits from Shanghai Ocean Aquarium (SOA)…