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Yoma Q4 profit up 171% at S$24m
Melvyn Pun, Yoma Strategic's chief executive, said in a statement: "Our journey of business diversification has driven our non-real estate revenue meaningfully higher, and we are pleased to maintain our profitability while reducing the reliance on our higher margin real estate businesses."
PHOTO: YOMA STRATEGIC HOLDINGS
Singapore
YOMA Strategic Holdings posted a 171 per cent jump in fourth-quarter net profit to S$24.1 million from S$8.9 million, led mainly by higher fair value gain on its investment properties.
Fair value gains stemmed mainly from the increase in valuation of real estate projects...
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