Q1 net profit dives 57% at Thakral

THAKRAL Corporation posted a 57 per cent year-on-year fall in first-quarter net profit to $2.2 million. Its turnover slipped 1 per cent to $126.1 million. It said the group's cash in hand at the end of the quarter was $83.6 million. Thakral also reported new business wins for its supply chain management, marketing and brand building division. It said it was recently appointed by Casio to market and distribute digital camera products in China.

- Bloomberg