SINGAPORE (Nov 8): Thakral Corporation reported 3Q18 earnings of $0.22 million, 99% lower compared to $33.5 million in 3Q17.

During the quarter, the group did not register a valuation gain on assets held for sale, as compared to $34.2 million seen in the same period last year from the group’s warehouse properties in Hong Kong and the related cost upon signing of the sales agreement.

Excluding these, the group would have made a net profit of $7.2 million for the current period, 11% higher than the previous year.

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