Thakral profit surges to $19.5m on strong investment and lifestyle segments
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Thakral Corporation Ltd reported a 382% year-on-year increase in net profit to $19.5 million for Q3, driven by strong investment returns and a robust lifestyle segment. Key contributors included a $22.6 million fair value gain from its stake in GemLife and a $2 million gain from the sale of a property in Osaka. The lifestyle division's profit rose 26.8% to $13 million, fueled by demand in Greater China and South Asia. Thakral anticipates a $28.5 million contribution from its stake in The Beauty Tech Group in Q4.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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