<div><div><p>[SINGAPORE] Tourist attraction developer and operator Straco has posted a 49 per cent decrease in net profit to S$5.4 million for the first half ended Jun 30, down from S$10.5 million in the previous corresponding period.</p><p>On Monday (Aug 11), the group, which operates the Singapore Flyer as well as several attractions in China, attributed this to a “less buoyant” economic outlook, which has affected consumers’ confidence and discretionary spending on leisure activities.</p><p>Straco’s executive chairman Wu Hsioh Kwang said: “Despite the economic slowdown, the tourism sector remains resilient in both markets that the group operates in. That said, tourists are showing greater caution with discretionary spending.” </p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>Revenue fell 9 per cent to S$32.7 million, down from S$35.9 million in the previous corresponding period. </p><p>Revenue generated at the Singapore Flyer fell to S$14.3 million, down from S$14.6 million.
</p><p>Meanwhile, its revenue from three attractions in China was S$18.4 million, 13 per cent lower compared to a year ago. Its attractions in China include the Shanghai Ocean Aquarium, Lixing cable car service at Mount Lishanand Underwater World Xiamen.</p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div></div><p>Overall attendance to all the attractions totalled 1.29 million visitors for the half year, 12 per cent lower than the corresponding period of 1.47 million visitors a year ago. </p><p>The group reported a net profit of S$5.4 million for the first half of the year, including an exchange loss of S$1.24 million, while an exchange gain of S$380,000 was recorded in the corresponding period.</p><p>Earnings per share for the period decreased to S$0.63, from S$1.23.
</p><div><div><div><div id="dfp-ad-imu2"></div></div></div></div><p>Straco shares closed S$0.01 or 2.4 per cent higher at S$0.425 on Monday, before the announcement.
</p></div><div>straco corpFinancial results</div><div><section><section><p>Share with us your feedback on BT's products and services</p><div>Feedback</div></section></section></div><div><div><div><div id="dfp-ad-imu3"></div></div></div></div></div>

星雅集团

<p>星雅集团（Straco），新加坡摩天观景轮的运营商，报告 2023 年上半年净利润下降 49%，降至 540 万新元，较去年同期的 1050 万新元减少。收入下降 9%，至 3270 万新元，游客人数减少至 129 万。此次下降归因于经济前景不佳影响了消费者信心和可支配支出。尽管面临挑战，星雅集团的执行主席指出旅游行业的韧性。每股收益从 1.23 新元降至 0.63 新元</p>

星雅集团运营的新加坡摩天观景轮在上半年利润下降 49%，降至 540 万新加坡元