Straco’s net profit slumps 54.8% YoY in Q1

Singapore Business Review
2025.05.23 07:05
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Revenue also fell 12.1% YoY.Straco posted a 54.8% year-on-year (YoY) drop in net profit to $2.27m in Q1 2025.Revenue for the period dropped 12.1% YoY mainly due to ongoing trade and tariff developments, which led to increased caution amongst Chinese consumers. In a bourse filing, Straco said that its Singapore Flyer business was also indirectly affected by the ongoing trade tension between the US and its trading partners, with resulting uncertainty weighing on consumer sentiment.

Revenue also fell 12.1% YoY.

Straco posted a 54.8% year-on-year (YoY) drop in net profit to $2.27m in Q1 2025.

Revenue for the period dropped 12.1% YoY mainly due to ongoing trade and tariff developments, which led to increased caution amongst Chinese consumers.

In a bourse filing, Straco said that its Singapore Flyer business was also indirectly affected by the ongoing trade tension between the US and its trading partners, with resulting uncertainty weighing on consumer sentiment.

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