, Singapore

Straco's net profit jumped 60.5% to $8.68m in Q1

Thanks to Singapore Flyer.

Straco Corporation reported that its net profit jumped 60.5% to $8.68m in the first quarter.

The increase was mainly attributable to the revenue contributed by the Singapore Flyer, which was acquired in November 2014.

In the first quarter, overall visitation to all the attractions increased 32.9% over 1Q2014 to 942,000 visitors with the addition of the Singapore Flyer to the group. 

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