The Straits Trading Company Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 14, 2018 at 05:50 am EST
The Straits Trading Company Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of $111,127,000 compared to $132,133,000 a year ago. Operating profit was $19,469,000 compared to $12,997,000 a year ago. Profit before tax was $21,792,000 compared to $16,488,000 a year ago. Profit after tax was $16,325,000 compared to $13,931,000 a year ago. Profit attributable to owners of the company was $14,010,000 compared to $11,860,000 a year ago. Net cash flows from operating activities were $21,219,000 compared to net cash flows used in operating activities of $9,031,000 a year ago. Payment for deferred mine exploration and evaluation expenditure, mine properties and other intangible assets was $23,000 compared to $33,000 a year ago. Basic and diluted earnings per share for the period based on Group's profit attributable to owners of the company was 3.4 cents compared to 2.9 cents a year ago.
For the nine months, the company reported total revenue of $351,292,000 compared to $367,167,000 a year ago. Operating profit was $55,644,000 compared to $36,314,000 a year ago. Profit before tax was $77,688,000 compared to $54,511,000 a year ago. Profit after tax was $63,876,000 compared to $48,672,000 a year ago. Profit attributable to owners of the company was $57,600,000 compared to $41,235,000 a year ago. Net cash flows used in operating activities were $15,386,000 compared to net cash flows from operating activities $2,554,000 a year ago. Payment for deferred mine exploration and evaluation expenditure, mine properties and other intangible assets was $61,000 compared to $143,000 a year ago. Basic and diluted earnings per share for the period based on Group's profit attributable to owners of the company was 14.1 cents compared to 10.1 cents a year ago.