Straits Trading

Straits Trading: 4Q13 net profit turned around y/y to $12.6m from loss of $39.5m, while revenue halved to $154.4m, on a 40% decline in resources segment led by lower sales of refined tin, 83% slump in property revenue on lower sales of development properties and lower rental revenue, partially mitigated by a $91.8m gain on disposal from US Centennial Venture. Group declared interim DPS of 4¢, bringing FY13 DPS to 54¢.