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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US, Philippines eye agreement to cut China nickel dominance
GSK profit drops in first quarter on higher costs
London watchdog’s name-and-shame plan is mad, bad and dangerous to the City
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates