Yoma Strategic swings into S$15.9m Q1 loss

Singapore

MYANMAR-FOCUSED Yoma Strategic Holdings fell into a loss of S$15.9 million for the three months ended June 30, 2018, as the stronger US dollar resulted in an S$11.3 million currency translation loss from its US dollar-denominated borrowings.

This first quarter loss, from a net profit of S$2.8 million for the same period a year before, came despite a 13.9 per cent growth in revenue to S$29.4 million from S$25.8 million previously.