Yoma Q3 profit up 42% on stronger sales

MYANMAR property developer Yoma Strategic Holdings posted a 42 per cent increase in fiscal third-quarter profit on stronger sales of residences and land development rights (LDRs).

Net profit attributable to shareholders in the three months to December 2013 rose to $5.2 million, or 0.45 cent per share. Revenue surged to $30.2 million from $13 million.

Net asset value increased to 31.4 cents per share as at end-December from 30.9 cents as at end-March.