Straco Corporation *Official* (SGX: S85)

[Jupiter2017]

Straco Corporation *Official* (SGX: S85)
Creating a new thread since cannot find existing thread.

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...orporations-q3-earnings-down-on-lower-revenue
Straco Corporation's Q3 earnings down on lower revenue
Tue, Nov 14, 2017 - 6:24 PM Stephanie Luo stephluo@sph.com.sg

MAINBOARD-LISTED Straco Corporation recorded a 6 per cent fall in earnings on the back of lower revenue for the third quarter.
The developer and operator of tourism-related attractions said in a Singapore Exchange filing on Tuesday that net profit stood at S$21.4 million for the three months ended Sept 30.
Earnings per share was 2.48 Singapore cents, down from 2.65 Singapore cents the year before.
Straco reported a 3.2 per cent decline in group revenue to S$46.11 million for Q3 2017 from Q3 2016, mainly attributable to lower revenue contributed by Underwater World Xiamen (UWX), partially offset by higher revenue achieved by Shanghai Ocean Aquarium, Lixing Cable Car, and Singapore Flyer.
In Q3 2017, overall visitor numbers to all the attractions decreased 5.1 per cent from Q3 2016 to 1.91 million visitors.
Straco's executive chairman, Wu Hsioh Kwang, said: "We are satisfied with the overall performance for the year to date as our attractions, other than UWX, registered positive growth."
Mr Wu added that UWX's performance had been impacted by falling visitor numbers, which dropped more than 30 per cent in the third quarter due to the further restriction on visitor numbers to Gulangyu by the local authorities, as well as tight traffic control in Xiamen city in view of the 2017 Brics Summit held in September.
Straco closed at S$0.87 on Tuesday, down 0.5 Singapore cent, or 0.6 per cent.

Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S85.SI

 

[SeekingPrivateReturns]

Three quarters still a positive gain. Looks like government regulations is a risk to company.

No effect to share price tomorrow?

 

[wwf]

Will the new biggest carnival dec till apr affect next quarter business.

Tourist may go there instead

 

[Jupiter2017]

http://www.straitstimes.com/singapore/singapore-flyer-suspends-operations-due-to-technical-issue
Jan 25, 2018 The Straits Times - Charmaine Ng, Lydia Lam
Singapore Flyer suspends operations due to 'technical issue', will remain closed on Friday

SINGAPORE - The Singapore Flyer suspended operations on Thursday morning (Jan 25) due to a "technical issue".
In a statement posted on Facebook, the Flyer said it will be conducting "a thorough check" before resuming the rides.
It told affected customers to check its Facebook page for the latest updates, and to call its customer service team on 6333-3311 for assistance.
A spokesman for the Singapore Flyer told The Straits Times that all 61 passengers on board were "brought to ground safely when the incident occurred at about 9am".
She added that they are working closely with relevant authorities and specialist professional engineers to find out the cause of the technical issue that occurred.
"We have informed affected passengers to contact us or our travel partners with any questions related to the cancellation of their flights," said the spokesman.
It is unclear when the Flyer will reopen to the public, however, the spokesman said the Flyer will remain closed on Friday.
"Until we have more clarity on the technical issue, we continue to suspend flight operations," said the Singapore Flyer spokesman.
Responding to queries from The Straits Times, the Singapore Civil Defence Force said it did not receive any calls for assistance.
This is not the first time that the Flyer has suffered a breakdown.
On Dec 23, 2008, a fire broke out in the wheel control room, causing 173 passengers to be trapped for about six hours.
In July 2010, the ride was shut down and more than 200 passengers were evacuated after lightning struck one of its electrical cables that supplied power to the air-conditioning systems.
The Flyer, which is 165m tall and has a diameter of 150m, was officially launched in 2008.


price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=S85.SI