In my previous article, I wrote about Straco Corp‘s company profile and its acquisition of Singapore Flyer back in 2014. This blog post will analyse Straco Corp’s latest financial performance.
On 10 August 2016, Straco Corp reported a 5.2% decline in Group revenue to $27.86 million for the second quarter ended 30 June 2016 compared to 2Q2015. The decline in revenue was due to lower number of visitors for its two aquariums in China. Interestingly, Singapore Flyer reported higher revenue for 2Q2016 on improved ticket yield. Cumulatively, the Group revenue for 1H2016 decreased marginally by 0.5%. Even though there was increased revenue at Singapore Flyer, this was offset by declines at the China aquariums.
Based on the latest earning report, the slow down in China definitely has an impact on Straco Corp’s earning. Below is the 5 year trend of the company’s revenue.
Straco Corp Revenue (in millions)
Dividends per share have been increasing for the last four years. However, there are signs that the ......