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.
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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.
Photo: Thakral
