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Straco announces earnings of $16.3 mil for 3QFY2023 as China businesses return in full swing

Bryan Wu
Bryan Wu • 2 min read
Straco announces earnings of $16.3 mil for 3QFY2023 as China businesses return in full swing
Straco’s Singapore Flyer also reported significantly higher revenue in 3QFY2023 compared to the same period last year. Photo: Samuel Isaac Chua/The Edge Singapore
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Straco Corporation (SGX:S85) has reported earnings of $16.3 million for the 3QFY2023 ended Sept 30 with China’s post-Covid reopening providing a significant boost.

In comparison, the company reported earnings of just $175,000 for 3QFY2022.

Revenue for 3QFY2023 tripled y-o-y to $35.5 million, compared to $11.7 million the same period last year.

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