Thakral plans to keep growing its retirement housing business in Australia, on expectations that with an ageing population, demand for such properties will be resilient despite a softer economy.
Property developer and investment firm Thakral has reported earnings of $2.4 million for 1HFY20 ended June 30, down 48% y-o-y. Revenue in the same period was down 15% y-o-y to $43 million, as lockdowns from Covid-19 caused business activities to slow.
The y-o-y drop in bottomline was also because of a one-off gain in the previous period from the sale of a property.
