Straco Corp.'s Attributable Profit Down 29% in Q3

MT Newswires

2024/11/25

Straco Corp's (SGX:S85) profit attributable to shareholders declined nearly 29% in the third quarter of the year to SG$11.7 million from SG$16.3 million a year earlier, a filing with the Singapore Exchange said on Friday.

Revenue was down 11% year over year to SG$31.4 million from SG$35.5 million, mainly due to revenue increase in the cable car operation.

Net cash generated from operation activities was SG$21.4 million, 15% lower than the year-ago period.

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