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Straco Corp back to profitability for FY2023, declares special dividend

The Edge Singapore
The Edge Singapore • 1 min read
Straco Corp back to profitability for FY2023, declares special dividend
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Straco Corporation has returned back to profitability for FY2023 with the end of pandemic restrictions.

The tourism attraction operator has reported earnings of $25.7 million for the year to Dec 31 2023, reversing from a loss of $10.8 million for FY2022.

Revenue in the same period surged 191.3% to $82.1 million, driven especially by its flagship attraction the Shanghai Ocean Aquarium which enjoyed "substantially" higher visitor numbers.

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