Straco Q4 profit surges 79% to $5.6m

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.