Excluding the restructuring charge, Thakral would have reported a profit before tax growth of 27.2% to $46.5 million.
The company plans to pay a final dividend of 2 cents, bringing total payout for FY2023 to 4 cents, implying a payout ratio of 62.6%.
According to Thakral, the restructuring would allow it to book a higher share of earnings in its Australia investments, mainly the GemLife brand of resort homes.
“FY2023 has been a good year for us both in terms of results and preparation for Thakral’s new phase of growth," says group CEO and executive director Inderbethal Singh.
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"GemLife continues to be our star performer capitalising on the excess demand for over-50s resort homes in Australia.
"This favourable market disequilibrium is expected to continue given the ageing population trend of the country.
"We look forward to steady growth in contributions from GemLife in the coming years," he adds.
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Thakral shares last traded at 60 cents.
