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.
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