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Yoma Strategic's Q3 profit plunges 98.7%

Friday, February 10, 2017 - 08:06

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Mr Melvyn Pun, chief executive of property and construction group Yoma Strategic Holdings. It posted a 98.7 per cent fall in net profit for the third quarter to S$0.3 million, from S$25.2 million a year ago.

YOMA Strategic Holdings, the mainboard-listed Myanmar play, on Friday posted a 98.7 per cent fall in net profit for the third quarter to S$0.3 million, from S$25.2 million a year ago.

This was attributable to currency translation losses and a significantly lower fair value gain recognised in the quarter.

Revenue for the three months ended Dec 31, 2016, grew 16.6 per cent to S$27.7 million, from S$23.8 million last year, boosted by a 22.4 per cent growth in the group's non-real estate businesses to S$16.9 million. Revenue from Yoma's real estate business grew 8.7 per cent.

Earnings per share for the quarter stood at 0.02 Singapore cent, down from the previous year's 1.45 Singapore cents.

No dividends were declared for the period.

sentifi.com

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