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.