“We expect sentiment to improve with gradual de-escalation of Covid measures amid success in managing the situation by the authorities,” says Straco, referring to its operations in China.
The pandemic is still weighing down on tourism attraction operator Straco Corp. For the 1QFY2022 ended March, the company reported a wider loss of $2.96 million, vs red ink of $658,700 in the year earlier period.
Revenue in the same period was down 40.3% y-o-y to $4.8 million, as its various attractions suffered from suspensions imposed by authorities trying to curb the pandemic.
