Yoma Q1 profit up 54% on higher revenue and gross margins

Singapore

BACKED by higher group revenue and improved gross profit margins, Yoma Strategic Holdings emerged from its fiscal first quarter with a 54 per cent surge in earnings attributable to equity-holders.

The three months ended June 30, 2017 (Q1 FY2018) registered a net profit of S$2.82 million, up from S$1.83 million a year ago. Gross profit margins improved to 40.6 per cent from 38.8 per cent in Q1 FY2017, mainly due to the higher margins achieved for the real estate business, said Yoma.