[SINGAPORE] Singapore Flyer operator Straco posted a net profit of S$10.7 million for its third quarter ended Sep 30, 8 per cent down from S$11.7 million in the year-ago period.
Its revenue fell 13.4 per cent to S$27.2 million from S$31.4 million, Straco said on Thursday (Nov 27).
The group noted that both its China and Singapore businesses remained profitable for Q3 2025. However, it attributed the quarter’s top-line and bottom-line declines to consumer sentiment being muted, relative to previous years.
It noted that performance was uneven across its various operating assets. For the three months, its Shanghai Ocean Aquarium recorded higher revenue and profit than in Q3 2024, but its Xiamen aquarium and cable car service in Xi’an clocked lower revenue and profit due to heightened competition and reduced spending among Chinese tourists.
Nonetheless, Straco remains “cautiously optimistic” about the tourism industry’s prospects, given the crowds seen during this year’s summer holidays.
Its operating profit for the quarter fell to S$15.7 million, 11.6 per cent down year on year from S$17.8 million; its profit after tax declined 9 per cent to S$11.3 million, from S$12.5 million previously.
The company’s net cash generated from operating activities amounted to S$16.4 million for Q3 2025, 23.7 per cent lower than in Q3 2024. It said that its financial position remained strong, with net cash holdings of S$185 million as at Sep 30.
For the nine months ended September, the company posted a net profit of S$16.1 million, a 27.4 per cent decrease from S$22.2 million in the previous corresponding period.
Revenue for the nine months dropped 11 per cent on the year to S$59.9 million, from S$67.3 million.
Operating profit fell 23.6 per cent to S$25.4 million from S$33.3 million, and profit after tax decreased 27.1 per cent to S$17.2 million from S$23.6 million.
The counter ended Thursday 3.8 per cent or S$0.015 lower at S$0.385 before the news.
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