"GemLife benefitted from its superior product, excellent locations, brand goodwill and public awareness and also from steps taken by management to help residents cope with the pandemic," the company says.
Thakral Corporation has reported FY2020 earnings of $6.5 million, down 28% over the preceding year. Revenue in the same period was down 16% to $90.1 million.
Thakral notes that its GemLife retirement home joint venture in Australia “did well beyond” its own internal forecast and enjoyed higher sales versus the previous year.
