Myan­mar-fo­cused Yoma Strate­gic Q1 loss widens to US$13.3 mil­lion

Mizzima Business Weekly - - BUSINESS ALERTS -

Singapore-head­quar­tered Yoma Strate­gic Hold­ings suf­fered a net loss of US$13.3 mil­lion for its first quar­ter ended June 30 this year, deep­en­ing from a net loss of US$5.6 mil­lion a year ago, re­ported The Busi­ness Times. The net loss is mainly caused by lower real es­tate de­vel­op­ment rev­enues and higher fi­nance ex­penses, Rev­enues de­creased 11.5 per­cent to US$18.6 mil­lion, down from US$21 mil­lion in the pre­vi­ous year. This was mainly due to lower con­tri­bu­tion from the Yoma Land real es­tate busi­ness, as well as a 76.5 per­cent year-on-year in­crease in fi­nance ex­penses to US$9.6 mil­lion. Loss per share was 0.7 US cent, com­pared to a loss per share of 0.3 US cent for the year-ago quar­ter.

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