If this gain is excluded, Straits Trading would have reported an ebitda that is 11.7% higher y-o-y, and profit after tax that's 19.2% lower y-o-y.
The Straits Trading Company has reported 1HFY2023 earnings of $14.9 million, versus $673 million recorded in the year.
The big drop can be attributed to the one-off recognition of $658.6 million in 1HFY2022 following the sale of its stake in ARA Asset Management.
