Straco Q4 profit surges 79% to $5.6m
Revenue boosted by more visitors to its Shanghai Ocean Aquarium
Singapore
MORE visitors at the Shanghai aquarium of Straco Corp resulted in the tourism operator recording net profit of $5.6 million for its fourth quarter ended Dec 31, 2013, up 79 per cent from $3.2 million a year ago.
Revenue was up 32 per cent at $14.6 million, boosted by more visitors to the company's flagship Shanghai Ocean Aquarium. Combined visitor numbers for the quarter to the Shanghai aquarium and Straco's other aquarium in Xiamen increased 17 per cent to 590,000 visitors.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Universal Music Group reaches new licensing agreement with TikTok
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out