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About Straits Trading Co Ltd

The Straits Trading Company Limited is a Singapore-based conglomerate-investment company with operations as well as financial interests in resources, property and hospitality. The Company's investments include majority or strategic stakes in Malaysia Smelting Corporation Berhad, a tin producer; ARA Asset Management Limited and Far East Hospitality Holdings, as well as a diversified property portfolio that is wholly-owned by the Company. Its segments include Resources, Real Estate and Hospitality. The Resources segment includes smelting of tin concentrates and tin bearing materials, the production of various grades of refined tin metal, and the sale and delivery of refined tin metal and by-products. The Real Estate segment comprises property investment, sales and leasing, property development, as well as property and real estate fund management. The Hospitality segment includes hotel ownership and hotel management under Far East Hospitality Holdings Pte. Ltd.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Straits Trading Co Ltd revenues increased 66% to SP$638M. Net income increased from SP$51.5M to SP$234.3M. Revenues reflect Fair value changes in investment propert increase from SP$37.4M to SP$133.4M, Tin mining and smelting revenue increase of 31% to SP$348.5M, Interest income increase from SP$11.5M to SP$74M.