Thakral Corp sinks to Q3 loss in absence of one-off gains

THAKRAL Corporation posted a third-quarter net loss of $1.08 million, compared with a $12.8 million net profit a year ago, which had included a significant one-off gains from the disposal of its Australian listed equity investment.

The one-off gains on available-for-sale investments a year ago was $15 million.

Revenue rose 44 per cent to $107.7 million for the three months ended Sept 30, from $74.8 million the previous year, as a result of an improvement in the channel sales for the quarter.