Divestment of WBL shares lifts gain of Straits Trading; 50-cent-a-share dividend declared
GAINS from disposal of WBL Corp shares firmly put The Straits Trading Co back into the black.
It reported second quarter net profit of $69.7 million, reversing from a loss of $11 million in the same period last year.
Revenue for the three months to June 30 eased marginally to $225.2 million from $225.7 million previously.
The group's resources revenue decreased by a quarter to $164.1 million, mainly due to lower sales quantity of refined tin.