More aquarium visitors boost Straco's Q3

Singapore

TOURISM operator Straco Corporation reported a net profit of S$19.5 million for the three months ended Sept 30, 2014, up 28 per cent from S$15.2 million a year ago. Revenue rose 26 per cent to S$38.6 million, from S$30.5 million.

Straco's results do not include that of the Singapore Flyer, which it recently announced it was buying for S$140 million. The Business Times understands that the Flyer's results could be consolidated from December onwards, and will thus be partially reflected in fourth quarter earnings.