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

Straco Corporation, the operator of Singapore Flyer and other tourism-related assets, has reported 54.8% y-o-y lower earnings for 1QFY2025 ended March 31, 2025 of $2.27 million.

The group’s revenue fell 12.1% y-o-y to $15.2 million for 1QFY2025, due to the ongoing trade and tariff developments which have led to increased caution among Chinese consumers.