Thakral Corp has reported earnings of $7.3 million for 2HFY2021 ended Dec 2021, up 17% y-o-y. Revenue in the same period was up 40% to $66 million.

For the full year FY2021, earnings hit $16.3 million, up 149%. Revenue, meanwhile, was up 42% to $127.8 million.

The company attributes the better showing partly to revaluation gains of properties it holds as investment.

Thakral’s also enjoyed a lift from its property business in Australia, where it is developing a string of retirement resorts via a joint venture (picture).

Its business of distribution lifestyle products put in a positive showing too, contributing significantly to the company’s total turnover.

Thakral plans to pay another dividend of two cents per share, bringing its full year payout to four cents.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/capital/results/ihh-healthcare-doubles-earnings-rm5321-mil-3qfy2023?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>IHH Healthcare doubles earnings to RM532.1 mil for 3QFY2023</a></b></span>

As at Dec 31 2021, its net asset value per share was $1.15, versus $1.13 as at Dec 31 2020.

Thakral shares closed Feb 24 at 59 cents, down 2.5% for the day, but up 12.5% year to date.

Thakral Corp 2HFY2021 earnings up 17%; FY2021 earnings up 149%

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Thakral Corp 2HFY2021 earnings up 17%; FY2021 earnings up 149%

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