Singapore Flyer owner Straco bounces back to the black
The Straits Times|March 02, 2024
A strong recovery in visitor arrivals at all its businesses in China and Singapore saw mainboard-listed tourism attractions operator Straco bounce strongly back to the black during the second half of 2023.
Ven Sreenivasan
Singapore Flyer owner Straco bounces back to the black

With all engines firing and a positive outlook for 2024, the cash-rich company also declared a dividend payout which is double that for 2022.

The company posted $19.3 million in profit for the July to December period, bouncing back from a $2.3 million loss during the corresponding period in 2022. Revenue for the second half of 2023 surged 158 per cent to $50.1 million, from $19.4 million a year earlier.

For the full year to December 2023, net profit came in at $25.7 million, a whopping reversal from a loss of $10.8 million in 2022. Revenue for the full year almost tripled to $82.1 million, from $28.2 million.

The results translated into earnings per share of three cents. Net asset value per share stood at 30.73 cents. The company has proposed a final dividend of 1.5 cents, plus an additional 0.5 cent in special dividend. The total two-cent payout is double the one cent it paid for 2022.

Straco's China attractions, such as the Shanghai Ocean Aquarium, Underwater World Xiamen and Lixing Cable Car in Xi'an, saw significantly higher visitor arrivals during the July to December 2023 period as China's domestic tourism posted a post-Covid recovery amid the summer holidays and National

Day Golden Week holidays, resulting in higher revenue.

Bu hikaye The Straits Times dergisinin March 02, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Straits Times dergisinin March 02, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE STRAITS TIMES DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Artist and model Ella Emhoff under the political spotlight
The Straits Times

Artist and model Ella Emhoff under the political spotlight

The stepchild of United States, Vice-President Kamala Harris has been getting more scrutiny after 2021's Inauguration Day

time-read
4 dak  |
November 01, 2024
DOUGLASS' HALLOWEEN TREAT
The Straits Times

DOUGLASS' HALLOWEEN TREAT

She breaks pact over 'trick' headbands, then breaks 200m breast world mark

time-read
3 dak  |
November 01, 2024
Van Nistelrooy vows to help United in any role
The Straits Times

Van Nistelrooy vows to help United in any role

LONDON - Manchester United caretaker manager Ruud van Nistelrooy said he will help the club \"in any capacity\" as reports suggest that Ruben Amorim is getting closer to being named as Erik ten Hag's successor.

time-read
2 dak  |
November 01, 2024
I cannot please everyone: Klopp on new job
The Straits Times

I cannot please everyone: Klopp on new job

BERLIN - Former Liverpool manager Jurgen Klopp has defended his decision to join Red Bull as head of global soccer from 2025 following criticism from fans in Germany, saying the project was \"outstanding\" for him.

time-read
2 dak  |
November 01, 2024
Reds aim to take form into Brighton rematch
The Straits Times

Reds aim to take form into Brighton rematch

LONDON - Forward Cody Gakpo scored a brace, as Liverpool continued their fine form under Arne Slot, beating Brighton & Hove Albion 3-2 on Oct 30 to reach the League Cup quarter-finals.

time-read
2 dak  |
November 01, 2024
I'VE JUST 13 MEN LEFT, PEP BEMOANS
The Straits Times

I'VE JUST 13 MEN LEFT, PEP BEMOANS

Akanji doesn't start, Savinho leaves in tears as City's woes mount after League Cup loss

time-read
3 dak  |
November 01, 2024
Forest owner accused of fixing a Greek game
The Straits Times

Forest owner accused of fixing a Greek game

LONDON - Evangelos Marinakis, a Greek shipping magnate and owner of English Premier League football club Nottingham Forest, was on Oct 31 accused of trying to fix a Greek football match, in a London libel lawsuit he is bringing over an alleged smear campaign in Britain.

time-read
1 min  |
November 01, 2024
MEDVEDEV STUCK IN A RUT AFTER PARIS LOSS
The Straits Times

MEDVEDEV STUCK IN A RUT AFTER PARIS LOSS

Russian loses third straight opener in Bercy as Popyrin prevails; still without a 2024 title

time-read
3 dak  |
November 01, 2024
Girma double helps US women extend run to 13
The Straits Times

Girma double helps US women extend run to 13

LOUISVILLE - The United States women's football team extended their unbeaten run under English coach Emma Hayes to 13 matches after a 3-0 win over Argentina in a friendly on Oct 30.

time-read
2 dak  |
November 01, 2024
The Straits Times

MotoGP riders want Valencia race moved

Leading MotoGP riders on Oct 31 called for the season finale in a fortnight to be moved out of Valencia because of deadly once-in-a-generation flooding in Spain.

time-read
2 dak  |
November 01, 2024