“Notwithstanding the above, the overall financial position of the Group remains healthy,” the company says.
SEE: Straco's 1Q earnings more than double to $8.5 mil on revenue recovery from Singapore Flyer
In its 3QFY2020 business update provided on Nov 13, the company reported losses of $197,000 for the nine months ended Sept 30, a swing from earnings of $36.3 million in the year earlier period. Revenue in the same period dropped 77.8% y-o-y to $20.9 million.
For the three months ended Sept 30, Straco reported earnings of $6.45 million, down -65.7% y-o-y.
The company will report its full year results on Feb 27.
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Straco shares closed Feb 11 unchanged at 54 cents.
