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Thakral reports lower FY2023 earnings on restructuring costs

The Edge Singapore
The Edge Singapore • 1 min read
Thakral reports lower FY2023 earnings on restructuring costs
Thakral's GemLife resorts / Photo: Thakral
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Thakral Corp's FY2023 earnings dropped despite higher revenue,  as it booked a one-off restructuring cost of $20.4 million.

For the 12 months to Dec 31 2023, the company reported earnings of $8.2 million, down 56.1% over FY2022. Revenue in the same period was $212.3 million, up 32.3%.

Excluding the restructuring charge, Thakral would have reported a profit before tax growth of 27.2% to $46.5 million.

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