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PR Newswire
28-05-2023, 08:46 PM
FY23 results..
https://links.sgx.com/FileOpen/THGL_FY20...eID=760428
2H's revenue growth was down to just 1%, even though full-year revenue growth was still a respectable 9%. Share of results of associates - 49%-owned operations in Thailand and Vietnam held under THG Prima Times Co Ltd - at $21.4m (+37% YoY) for full-year still looks very encouraging. Group PBT at $219.6m (+7% YoY) - a new record! - is after absorbing (1) a $5.48m impairment loss on goodwill (related to the NZ operations acquired in 2020), and (2) a $4.53m provision on fair value loss on investment properties, with both items taken more like for accounting prudence.
The parting shot of the commentary says "The Group expects to continue to be profitable in the next financial year." While global uncertainties and negative economic outlook is expected to dampen consumer sentiment, it doesn't necessarily mean that this business under the current proven management will stop making a good profit.
https://links.sgx.com/FileOpen/THGL_FY20...eID=760428
2H's revenue growth was down to just 1%, even though full-year revenue growth was still a respectable 9%. Share of results of associates - 49%-owned operations in Thailand and Vietnam held under THG Prima Times Co Ltd - at $21.4m (+37% YoY) for full-year still looks very encouraging. Group PBT at $219.6m (+7% YoY) - a new record! - is after absorbing (1) a $5.48m impairment loss on goodwill (related to the NZ operations acquired in 2020), and (2) a $4.53m provision on fair value loss on investment properties, with both items taken more like for accounting prudence.
The parting shot of the commentary says "The Group expects to continue to be profitable in the next financial year." While global uncertainties and negative economic outlook is expected to dampen consumer sentiment, it doesn't necessarily mean that this business under the current proven management will stop making a good profit.