STC’s FY2024 ebitda rose 56.6% y-o-y to $124.4 million, while FY2024 profit after tax swung into the black to $11.0 million from a loss after tax of $12.1 million in FY2023.
The Straits Trading Company (STC) has posted a shallower loss after tax and non-controlling interests of $7.2 million in FY2024 ended Dec 31, 2024, improving from a $28.6 million loss in FY2023.
In financial statements released on Feb 28, STC says the improved performance was mainly due to net fair value gain from investment properties, partially offset by fair value loss from the derivative component of exchangeable bonds, which had returned a fair value gain in the previous year.
