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Thakral posts 85% rise in 4Q earnings to $1.5 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/27/2018 07:47 PM GMT+08  • 2 min read
Thakral posts 85% rise in 4Q earnings to $1.5 mil
SINGAPORE (Feb 27): Thakral Corporation saw its earnings rise 85% to $1.5 million for the 4Q ended December, from $0.8 million a year ago.
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SINGAPORE (Feb 27): Thakral Corporation saw its earnings rise 85% to $1.5 million for the 4Q ended December, from $0.8 million a year ago.

This was mainly due to a profit of $1.2 million which was attributable to non-controlling interests in 4Q16. Net profit fell 34% to $1.3 million in 4Q17, from $2.1 million a year ago.

Full-year earnings surged to $37.7 million in FY17, from $0.4 million a year ago. This was due to a one-off gain of $33.9 million from the sale of its warehouses in Hong Kong completed during the final quarter of 2017.

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