Straco Corporation Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of SGD 28,270,000 against SGD 30,205,000 a year ago. Operating profit was SGD 15,610,000 against SGD 16,909,000 a year ago. Profit before income tax was SGD 15,328,000 against SGD 16,622,000 a year ago. Profit for the period was SGD 11,447,000 against SGD 12,089,000 a year ago. Profit attributable to owners of the company was SGD 10,825,000 against SGD 11,412,000 a year ago. Net cash from operating activities was SGD 12,985,000 against SGD 16,637,000 a year ago. Purchase of property, plant and equipment was SGD 698,000 against SGD 197,000 a year ago. Fully diluted earnings per share were 1.25 cents against 1.32 cents a year ago. Sales in the second quarter of 2018 is 6.4% lower than the corresponding period in the second quarter 2017, mainly due to lower revenue achieved by its Singapore Flyer on lower visitor numbers, as well as lower revenue at Shanghai Ocean Aquarium ("SOA") as value-added tax on ticket Revenues were being accounted for this year by SOA, as the tax waiver on ticket revenue for Shanghai educational bases for this year has not been issued yet. For the six months, the company reported revenue of SGD 47,065,000 against SGD 57,743,000 a year ago. Operating profit was SGD 22,208,000 against SGD 30,439,000 a year ago. Profit before income tax was SGD 21,657,000 against SGD 29,856,000 a year ago. Profit for the period was SGD 14,959,000 against SGD 21,568,000 a year ago. Profit attributable to owners of the company was SGD 14,379,000 against SGD 20,325,000 a year ago. Fully diluted earnings per share were 1.67 cents against 2.35 cents a year ago. Net asset value per ordinary share based on number of issued shares excluding treasury shares at the end of June 30, 2018 was 30.32 cents. Lower revenue is mainly attributable to the more than two months suspension of rides on its Singapore Flyer during the first quarter due to a technical issue.