Yoma posts Q1 profit fall; hopeful of progress in Myanmar

Singapore

YOMA Strategic Holdings, which runs the KFC chain and real estate businesses in Myanmar, warned of project delays amid reviews by the new government in Myanmar but said it is optimistic of "swift decisions" to bring progress in the last-frontier market in Asean.

This came on Tuesday morning as it posted a 28.6 per cent drop in net profit for fiscal first quarter on lower gross profit. Net profit for the three months ended June 30, 2016, stood at S$1.83 million, compared with S$2.56 million a year ago. This translated to earnings per share of 0.11 Singapore cent, down from 0.…