Thakral Corp posts Q1 loss and drop in revenue

Singapore

MAINBOARD listed Thakral Corp turned in a net loss of S$358,000 for the first quarter ended March 31, 2015, versus a profit of S$172,000 a year ago, as revenue fell on lower contributions from its lifestyle division.

Revenue for the quarter under review dropped 56 per cent to S$79.82 million, due to the group's strategic shift away from the distribution of lower margin, fast moving consumer goods. Loss per share was 0.01 Singapore cent in Q1FY15, versus earnings per share of 0.01 cent in the corresponding quarter a year ago.