One-off items boost Yoma Q1 profit

Singapore

MYANMAR play Yoma Strategic Holdings has posted a net profit of S$1.44 million for its first quarter ended June 30, a more than threefold increase over S$420,000 a year ago.

Its bottom line was boosted by a couple of one-off items, including a fair-value gain of S$6.4 million from the revaluation of Star City's Zone A Building A5, a residential building that Yoma had initially retained for rental purposes. Net currency translation losses came to S$1.3 million.