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Visitor Growth Boost Straco's H1 Net Profit to $10.49m

Singapore Business Review ·  Aug 12 23:53

Net profit was up 64.5% YoY.

Straco Corporation's net profit rose 64.5% YoY to $10.49m in H1 2024.

Included in the net profit is an exchange gain of $0.38m and an exchange loss of $1.49m.

With higher net profit, the company also reported an improved earnings per share (EPS) of $0.0123, up 64.0% YoY.

Also in H1, the group reported a $35.9m revenue, an 11.9% increase from last year's $32.8m.

The company credited the increase in revenue to a 13% growth in visitor numbers at their attractions.

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