However, for the period, gross margin declined 0.8 percentage points (ppts) due to revenue/product mix, while operating margin declined 0.9 ppts.
Thakral Corporation has reported earnings of $109.3 million for the 1HFY2025 ended June 30, a surge from the $10.8 mil reported in the same period a year ago due to the gain on fair valuation of GemLife’s IPO.
The group’s revenue for the 1HFY2025 grew 25% y-o-y to $160.5 million, and gross profit grew 19.2% y-o-y to $26.8 million.
