Straco Corp reports 3QFY2021 earnings of $4.4 million, down 32.4% y-o-y

Straco Corporation has reported earnings of $4.4 million for its 3QFY2021 ended Sept, down 32.4% y-o-y. Revenue in the same period was down 7% y-o-y to $13.7 million, as the effects of the pandemic weigh down its operations.

While the company was profitable, it explains that the bottomline was helped by favourable forex, wage subsidies and rental waiver.