Operating costs impact Straits' 2006 profit

HIGHER operating costs at most of its operations have adversely impacted Straits Resources’ net earnings for the year ended December 31, 2006, with the company posting a 21% drop in net profit from the previous year.

Operating costs impact Straits' 2006 profit Operating costs impact Straits' 2006 profit Operating costs impact Straits' 2006 profit Operating costs impact Straits' 2006 profit Operating costs impact Straits' 2006 profit

Straits recorded an after-tax profit of $39.6 million, down from its record financial result of $50 million in 2005.