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Thakral’s FY2024 earnings surge to seven-year high of $28.8 mil

Felicia Tan
Felicia Tan • 3 min read
Thakral’s FY2024 earnings surge to seven-year high of $28.8 mil
Inderbethal Singh Thakral, Thakral's group CEO and executive director. Photo: Albert Chua/The Edge Singapore
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Thakral Corporation has reported earnings of $28.8 million for the FY2024 ended Dec 31, 2024, 3.5 times higher than its FY2023 earnings of $8.2 million. The 252% y-o-y surge also marked the highest set of earnings in seven years.

Earnings per share (EPS) stood at 22.53 cents on a fully diluted basis, up from last year’s EPS of 6.4 cents.

FY2024 revenue rose by 36% y-o-y to $288.8 million as revenue from the investment and lifestyle segments rose.

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