
2022-08-11 22:14:36
Straits Trading reports five fold rise in net profit following divestment of ARA to ESR
For the six months to end-June, its 1HFY2022, Straits Trading Corp reported a 3.9 times increase in Ebitda to $729.1 million. Profit after tax and non-controlling interest (PATNCI) increased 5.5 times to $673 largely due to the net gain on disposal of the group’s stake in ARA Asset Management to E...