Group revenue for 1Q19 fell 10.4% due to lower tin mining & smelting revenue due to a decline in sales of refined tin, which more than offset property revenue growth on the back of higher rental from the additions to the group’s overseas portfolio.
SINGAPORE (May 14): Straits Trading Company reported earnings $17.3 million for 1Q19, up 78.1% from $9.7 million in 1Q18 due to higher share of results of associates and joint ventures (JVs) as well as improved overall performance across all of its business segments.
The latest set of results brings the group’s earnings per share (EPS) for the quarter to 4.2 cents as opposed to 2.4 cents in the previous year.
