Thakral Corporation more than triples net profit to $28.8m in FY2024

Its revenue rose by 36% YoY to $288.8m.

Thakral Corporation more than tripled its net profit attributable to shareholders to $28.8m in FY2024, up from $8.1m in the previous year.

The group’s revenue rose by 36% year-on-year (YoY) to $288.8m. Revenue from the lifestyle business grew by 37.4% to $273m; whilst revenue from its investment segment increased by 16.3% to $15.7m.

Moreover, the share of profit from associates decreased to $22.5m, proportionate to its reduced stake in the group’s associate in Australia, GemLife, to 31.7% as part of the TCH restructuring, as well as the absence of the one-off profit realised in the previous financial year from the disposal of a hotel property in Osaka, Japan.

GemLife achieved settlement of 355 homes in FY2024. As of 31 December 2024, total occupied homes stood at 1,804 across 10 resorts, approximately 24% more than a year ago.

Follow the link for more news on

Financial Statements

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. 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