Straco Corporation, the operator of Singapore Flyer and other tourism-related assets, has reported 54.8% y-o-y lower earnings for 1QFY2025 ended March 31, 2025 of $2.27 million.
The group’s revenue fell 12.1% y-o-y to $15.2 million for 1QFY2025, due to the ongoing trade and tariff developments which have led to increased caution among Chinese consumers.
Operating profit for 1QFY2025 fell 44.6% y-o-y to $4.1 million.
The group’s Singapore Flyer business was also indirectly affected by the ongoing trade tension between the US and its trading partners, with resulting uncertainty weighing on consumer sentiment.
As at March 31, the group’s net cash holdings stood at $182.9 million.
Straco’s main operating assets include Shanghai Ocean Aquarium, Lixing cable car service at Mount Lishan, Underwater World Xiamen, and Singapore Flyer.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。