KFC, balloons lift Yoma's Q4 earnings

YOMA Strategic Holdings' non-real estate businesses and contributions from its investment in telecommunication towers bolstered its fourth-quarter earnings, the group said in a bourse filing on Thursday morning.

Net profit for the three months ended March 31 rose 8.9 per cent from the previous year to S$8.89 million, on the back of a 65.8 per cent leap in revenue to S$45.7 million over the same period.

The better earnings were underpinned by segments such as vehicle leasing, its "Balloons over Bagan" tourism business and its KFC franchise outlets in Myanmar.

Yoma's real estate business "also saw a gradual improvement" in Q4 "following the smooth transition of the Myanmar new government after the November 2015 election", it added.

Earnings per share were 0.51 Singapore cent for Q4, unchanged from the year-ago period. Net asset value per share was 38.59 Singapore cents as at March 31 this year, up slightly from 38.26 Singapore cents as at March 31 last year.