Straits Trading's 4Q earnings double to S$29.7 mil, full-year earnings lifted to 5-year high of S$84.4 mil

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SINGAPORE (Feb 25): The Straits Trading Company posted earnings of S$29.7 million for 4QFY2019 ended December, more than double than earnings S$14.1 million for the corresponding quarter last year. 

This lifted the group’s full-year earnings to S$84.4 million, some 17.6% higher than earnings of S$71.7 million reported in FY2018, representing the highest earnings recorded by the group since FY2014. 

As at end December, Straits Trading owns a 54.8% stake in Malaysia Smelting Corporation Berhad, a 30% stake in Far East Hospitality Holdings and a 21% stake in ARA Asset Management. 

Revenue for the quarter fell 33.1% y-o-y to...(click on link for full story on theedgesingapore.com)