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Thakral reports lower FY2022 earnings on higher costs, plans special dividend to bring yield to 8%

The Edge Singapore
The Edge Singapore • 2 min read
Thakral reports lower FY2022 earnings on higher costs, plans special dividend to bring yield to 8%
A retirement resort developed in Australia by Thakral and a JV partner / Photo: Thakral
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Thakral Corporation has reported earnings of $18.6 million for FY2022, down 3%, as the company incurred higher costs despite better revenue.

For the financial year ended Dec 2022, revenue increased by 26% to $160.4 million.

For its 2HFY2022, earnings increased by 40% to $21.9 million, on the back of a near corresponding 45% jump in revenue to $96 million.

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