Yoma Strategic's Q2 profit down on absence of fair value gain
Revenue up 32.9%, lifted by automotive and heavy equipment as well as consumer businesses
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Singapore
ABSENCE of fair value on financial assets weighed down Myanmar-based conglomerate Yoma Strategic Holdings' second quarter FY2018 earnings even as revenue grew.
Net profit for the three months ended Sept 30 plunged 56.8 per cent year on year to S$3.7 million, led mainly by a fall in other income. Profit for the six months was down 36.3 per cent to S$6.4 million.
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