Yoma Strategic's Q2 profit down on absence of fair value gain

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.