The company reported a narrower loss of $43.5 million in the 2HFY2023 compared to the $121.8 million loss in the corresponding period the year before.
The Straits Trading Company has reported a $28.6 million loss in the FY2023 ended Dec 31, 2023, reversing from the earnings of $551.3 million in the FY2022.
The loss was attributed to fewer transaction volumes, which made it a “challenging year” for divestments and capital recycling, as well as higher funding costs.
