Straco Corporation Limited (SG:S85) has released an update.
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Straco Corporation Limited has reported a robust financial performance for the first quarter of 2024, with a significant increase in revenue by 38.2% and profit after tax by 237.7% compared to the same period last year. The Singapore Flyer and China attractions have contributed to higher visitor numbers and revenue, even as the company navigates a moderate recovery pace in China due to ongoing economic challenges. The company’s strong financial position is underscored by a net cash holding of $169.78 million and a 90% increase in net operating cash inflow.
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