Straits Trading more than doubles Q4 net to S$29.7m

Singapore

THE Straits Trading Company's net profit for the fourth quarter ended Dec 31, more than doubled to S$29.7 million from S$14.1 million, largely contributed by its real estate segment even as the group continues to "exercise prudence when considering new investments" amid the growing scale of Covid-19.

"The business climate is increasingly challenging as markets continue to deal with greater uncertainties and disruptions," noted Straits Trading in its financial report.