Straco Corporation Limited reported unaudited consolidated financial results for the fourth quarter and full year ended Dec. 31, 2017. For the quarter, revenue was SGD 24,589,000 against SGD 23,236,000 for the same period of last year. Operating profit was SGD 9,715,000 against SGD 9,313,000 for the same period of last year. Profit before income tax was SGD 9,324,000 against SGD 8,928,000 for the same period of last year. Profit attributable to owners of the company was SGD 6,066,000 or 0.70 cents per diluted share against SGD 6,140,000 or 0.71 cents per diluted share for the same period of last year.

For the year, revenue was SGD 128,443,000 against SGD 125,156,000 for the same period of last year. Operating profit was SGD 71,704,000 against SGD 69,824,000 for the same period of last year. Profit before income tax was SGD 70,459,000 against SGD 68,211,000 for the same period of last year. Profit attributable to owners of the company was SGD 47,739,000 or 5.53 cents per diluted share against SGD 46,464,000 or 5.39 cents per diluted share for the same period of last year. Net cash from operating activities was SGD 66,079,000 against SGD 67,071,000 for the same period of last year. Purchase of property, plant and equipment was SGD 2,585,000 against SGD 3,752,000 for the same period of last year.

For the quarter, the company announced impairment loss on property, plant and equipment was SGD 260,000.