Yoma Strategic Q4 profit falls 86% to S$3.5m

Singapore

YOMA Strategic Holding's fiscal fourth-quarter profit slid 85.5 per cent to S$3.5 million, compared to S$24.08 million a year ago.

Revenue similarly fell 48.2 per cent to S$25.1 million from S$48.4 million a year ago, hit by reduced income from the sale of residences and land development rights (LDRs), which fell the most in the company's revenue breakdown.