Yoma Q4 net profit jumps 171% to S$24m

YOMA Strategic Holdings posted a 171 per cent jump in its fourth-quarter net profit to S$24.08 million from S$8.9 million led mainly by higher fair value gain on its investment properties.

Revenue in the final quarter ended March rose 18 per cent to S$53.8 million led by improved revenue from across all segments including sales of residences and land development rights, real estate rental and services and automotive and heavy equipment.

Earnings per share came in at 1.39 Singapore cents for the quarter versus 0.51 Singapore cent a year ago.

Yoma Strategic declared a final cash dividend per share of 0.25 Singapore cent, the same as the previous period.

For the full year, it reported a 3.5 per cent drop in net profit to S$35.9 million on the back of a 11 per cent increase in revenue to S$124 million underpinned by strong performance in the non-real estate business.