<div id="readability-page-1"><div>[SINGAPORE] The Straits Trading Company recorded a net loss of S$40.8 million for the first half of 2025, reversing from a net profit of S$5.2 million in the year-ago period.It attributed the loss to two main factors – an associate company’s fair value losses and the remeasurement of exchangeable bonds that it had issued, which gave bondholders the option to convert their bonds into shares of ESR, if that company’s stock price rose. The Straits Trading Company is a conglomerate-investment company with stakes in ESR Group, Far East Hospitality and other entities. As ESR delisted from the Stock Exchange of Hong Kong on Jul 3, the bonds’ maturity date was brought forward, with S$284 million redeemed on Aug 8. “(These) fair value losses are non-cash in nature and do not impact on the group’s operating cash flow. The group’s underlying assets and financial position remain healthy with sufficient liquidity to meet its operational and financial commitments,” Straits Trading said on Thursday (Aug 14) as it reported its H1 2025 earnings. Its revenue for the period rose 5.9 per cent to S$267.5 million, from S$252.5 million previously.The group’s property segment reported a net loss of S$13.2 million in H1, narrowing from the S$18.1 million net loss recorded in the year-ago period. In the near term, it expects its property assets to face strong headwinds from a confluence of external factors, including the strength of the Singapore dollar, an uncertain interest-rate trajectory and ongoing geopolitical turmoil, the group said. It added: “As Straits Trading navigates this challenging landscape, it will streamline its portfolio and recycle capital in a systematic and prudent approach to pursue new investment opportunities. Backed by resilient capital and a long-term perspective, the group is actively exploring strategic opportunities in the senior living sector.”The resources segment posted a net profit of S$8.4 million in H1 2025, down from S$11.3 million in H1 2024. While Malaysia Smelting Corporation, in which Straits Trading holds a majority stake, benefited from higher average tin prices per tonne in H1 this year, its performance was impacted by a one-off additional tax recognition and lower tin sales quantity, the group said.It also owns 30 per cent of Far East Hospitality. Straits Trading’s hospitality segment had a net loss of S$1.7 million in H1, compared with a net profit of S$1.8 million in the year-ago period, due to impacts from ongoing refurbishment works at a hotel in Australia.For H1 2025, it reported a loss per share of S$0.09, as opposed to earnings per share of S$0.012 in H1 2024. The group noted that global growth is expected to moderate amid rising trade tensions and persistent policy uncertainties, with inflation remaining elevated in several economies. Currency markets have shifted as countries diversify away from US assets, contributing to a gradual decline in the US dollar’s dominance, it added.Shares of Straits Trading closed 1.9 per cent or S$0.03 down at S$1.56 on Thursday, before the results were released.</div></div>

海峡贸易

海峡贸易公司报告 2025 年上半年净亏损 4080 万新元，较去年同期的 520 万新元利润大幅下降。亏损主要归因于来自一家联营公司的公允价值损失以及可交换债券的重新计量。收入增长 5.9%，达到 2.675 亿新元。房地产部门报告亏损 1320 万新元，而资源部门则盈利 840 万新元。公司预计由于外部因素，房地产行业将面临挑战，并计划优化其投资组合以寻找新的投资机会。在财报发布前，股价下跌 1.9%，至 1.56 新元

海峡贸易公布上半年亏损 4080 万新元