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Thakral reports lower earnings in absence of revaluation gains

The Edge Singapore
The Edge Singapore8/4/2022 06:07 PM GMT+08  • 2 min read
Thakral reports lower earnings in absence of revaluation gains
Clubhouse at one of the Gemlife retirement resort / Photo: Thakral
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Thakral Corporation has reported revenue of $56.5 million for 1HFY2022 ended June, up 14% y-o-y, with stronger contribution from its business of distributing consumer products.

However, it did not enjoy revaluation gains the way it did in 1HFY2021. It booked higher costs in marketing, inventory and labour.

As such, earnings for the period was down 58% y-o-y to $3.7 million.

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