Home Capital Results

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.