Yoma Q1 loss widens to US$13.3m on lower real estate revenue, higher finance expenses

Singapore

MYANMAR-FOCUSED Yoma Strategic Holdings incurred a net loss of US$13.3 million for its first quarter ended June 30, deepening from a loss of US$5.6 million a year earlier, amid lower real estate development revenues and higher finance expenses.

Revenue shrank 11.5 per cent to US$18.6 million, down from US$21 million in the same period last year.

This was mainly due to lo…