Singapore Flyer operator Straco Corp earnings for 1QFY2025 down 54.8% y-o-y due to ongoing trade and tariff developments

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.

See also: Creative guides for ‘similar level of operating loss’ for 2HFY2025

Shares in Straco closed flat at 41.5 cents on May 20.