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20 May 2025
Singapore Flyer operator Straco Corp earnings for 1QFY2025 down 54.8% y-o-y due to ongoing trade and tariff developments
Summary: Straco Corporation, operator of Singapore Flyer and other tourism assets, reported a 54.8% decrease in earnings for 1QFY2025 due to ongoing trade and tariff developments impacting consumer sentiment. Revenue fell 12.1% to $15.2 million, with operating profit decreasing by 44.6% to $4.1 million.