Property, fair-value gains boost Yoma Q2

Singapore

YOMA Strategic Holdings' net profit for the fiscal second quarter ended Sept 30 more than trebled to S$10.8 million from S$3.3 million a year ago, thanks mainly to strong sales of residences and land development rights (LDRs) in Myanmar and fair-value gains on completed properties.

With plans to enlarge its land bank in Myanmar and open KFC outlets in Myanmar, the group is confident of sustaining its growth, said group executive chairman Serge Pun.