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Singapore-listed Thakral Group recorded a turnover of $499.9 million in FY 2014, up 21 percent from $413.1 million in FY 2013.
It also saw improved sales performance due to higher sales of fast-moving consumer products from the Lifestyle Division and increased revenue from Investment Division.
Its net profit attributable to equity holders stood at $2.3 million in Q4 2014 against an attributable loss of $0.9 million in Q3 2014. The bottom-line increase was achieved despite a 6.5 percent easing in sales to $116.6 million compared to the previous financial year. This was due to improved contributions from the Investment Division and valuation gains on the Thakral’s investment properties in Hong Kong and China.
However, its gross profit eased by seven percent to $24 million.
Going forward, Thakral Group expects its Investment Division to remain a key driver of growth for the group.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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