Straits Trading forecasts H1 net loss
This comes as the value of its UK investment properties dropped.
Straits Trading Company is expecting to report a net loss for the six months ended 30 June 2025 (H1 2025) based on the preliminary review of its unaudited consolidated results.
It was primarily because the value of its UK investment properties dropped due to higher capitalisation rates and weaker market sentiment.
An additional loss came from the remeasurement of Exchangeable Bonds after a redemption event.
The company is in the process of finalising its unaudited consolidated results and will disclose further details by 14 August 2025.