Thakral profit surges to $19.5m on strong investment and lifestyle segment

GemLife revaluation and Osaka sale boosted the quarterly results.

Thakral Corporation Ltd’s net profit jumped 382% year on year (YoY) to $19.5m in the third quarter, supported by stronger investment returns and solid performance in its lifestyle segment, according to a company press release.

The company recorded a $22.6m fair value gain from its 16.8% stake in GemLife after a valuation uplift on the Australian Securities Exchange. It also booked a $2m gain from selling its Yotsubashi Nakano Building in Osaka, which achieved a 13.7% premium to book value.

Profit from the lifestyle division rose 26.8% to $13m, driven by demand in Greater China and South Asia and continued expansion of its Miu Miu Fragrances and Yuesai skincare lines.

Thakral said its 6.04% stake in The Beauty Tech Group, recently listed in London, is expected to contribute about $28.5m to its Q4 results.

Follow the link for more news on

Thakral One

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia