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Straco Q2 profit falls 11.6% on lower revenue, forex losses

Shanghai Ocean Aquarium and Underwater World Xiamen revenue lower; partial offset by Singapore Flyer

Nisha Ramchandani

Published Wed, Aug 10, 2016 · 09:50 PM

Singapore

WEIGHED down by currency exchange losses and lower revenue, Straco Corp turned in an 11.6 per cent slide in net profit to S$9.25 million for the second quarter ended June 30, as the yuan weakened against the Singapore dollar.

Stripping out exchange differences, group profit would have declined some 6.4 per cent instead. The period also saw higher staff cost.

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Companies & Markets

Companies & Markets

Straco Q2 profit falls 11.6% on lower revenue, forex losses

Nisha Ramchandani

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

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