Singapore Flyer boosts Straco Q3 net profit to S$23.6m

TOURIST attraction operator Straco Corporation reported a net profit of S$23.6 million for its third quarter ended Sep 30, 2015, up 21 per cent compared to S$19.5 million a year ago.

Revenue was up 28 per cent to S$49.3 million, from S$38.6 million a year ago, boosted by contributions from the Singapore Flyer, which Straco bought last November.

Straco shares last traded at S$0.85.