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Thakral Corporation Reports Net Profit Of $6.5 Million For 1H15
Daily Bulletin | 06 August 2015
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Thakral Corporation has announced a net profit of $6.5 million for 1H15 against a loss of $1.6 million in 1H14.

Revenue fell 45.6 percent in line with the group’s strategy of reducing its reliance on low-margin items under its lifestyle division.

Gross profit grew 7.3 percent boosted by a 50.4 percent revenue growth at the group’s investment division.

The group also recorded an unrealised valuation gain of $9.5 million from its warehouse properties in Hong Kong from which the group intends to realise value arising from the change of use from industrial to residential in the area.

Thakral Corp  0.420 -0.025 -5.62%   
Business: Co is engaged in the distribution of consumer electronic products and investments in real estate projects. [FY17 Turnover] Lifestyle (75.4%), investments (24.6%).

Insight: Apr-18, 1Q18 net profit rose 54% to $2.3m on the b... Read More


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