Straco Company profile
About Straco Corporation Ltd
Straco Corporation Limited is a Singapore-based company, which is engaged in the development and management of tourism-related businesses. The Company operates through two segments: Aquariums and Giant Observation Wheel (GOW). The Company's Aquariums segment represents the operation of aquatic-related facilities and tourist attractions, including sea mammal performances in People’s Republic of China (PRC). Retail, food and beverage are auxiliary goods and services arising from the operation of the aquatic-related facilities. The Company's GOW segment represents the operation of a circular observation structure, and the provision of commercial space. Its operations also include the operation of cable-car facilities. The Company's operating assets include Shanghai Ocean Aquarium, Singapore Flyer, Underwater World Xiamen and Lixing Cable Car.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Straco Corporation Ltd revenues increased 42% to SP$41.9M. Net income totaled SP$11.6M vs. loss of SP$976K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Impairment loss on investment property decrease of 85% to SP$400K (expense), Property and other taxes decrease of 48% to SP$668K (expense).
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