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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Sheng Siong Q1 net profit up 9.3% on higher revenue
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
Changi Airport’s Q1 passenger movements surpass pre-pandemic levels
S&P Global first-quarter profit beats estimates on strong product demand
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources