Straco Q2 profit up 7.4%

TOURIST attractions developer Straco Corp registered a 7.4 per cent year-on-year rise in net profit to S$8.33 million for the second quarter ended June 30, 2014, as revenue grew at a double-digit clip.

Revenue jumped 20.1 per cent to S$19.67 million on the back of double-digit growth in visitorship at its two aquariums in China. Earnings per share for the quarter worked out to 0.98 Singapore cent, up from 0.92 Singapore cent for the corresponding quarter a year prior.

For the quarter under review, combined visitor numbers to Shanghai Ocean Aquarium and Underwater World Xiamen grew 22.4 per cent to 840,000.