The net loss was also attributed to the material exchange losses due to the weaker renminbi (RMB) against the Singapore dollar (SGD) in the FY2022.
Straco Corporation is expecting to report a “substantial net loss” for the FY2022 ended Dec 31, 2022, compared to the net profit in the FY2021.
This is due to the lower revenue from the group’s China attractions during the year due to the additional Covid-19 measures such as lockdowns within the country.
