Straco Q2 profit up 26% at S$10.5m
ATTRACTIONS operator Straco Corporation has posted a 25.6 per cent surge in second-quarter earnings to S$10.46 million, on the back of a strong showing by the Singapore Flyer.
For the three months ended June 30, revenue jumped 49.4 per cent to S$29.39 million. This was mainly due to the Singapore Flyer, which it acquired in November 2014. Increased visitors to the Shanghai Ocean Aquarium and a stronger yuan against the Singapore dollar were also cited.
Visitation to all its attractions grew 19.5 per cent to 1.23 million for the quarter under review.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly