Yoma's Q2 net profit soars to S$8.5m

Singapore

MAINBOARD-listed Yoma Strategic Holdings, best known for its KFC chain and real estate business in Myanmar, saw its net profit go up to S$8.5 million for its second quarter ended Sept 30 2016, from S$298,000 a year ago.

This was mainly driven by the fair value gain of S$14.7 million from the group's telecommunications towers investment. As at Sept 30, 2016, the fair value of the group's interest in the above investments has gone up to US$65.1 million compared to US$54.3 million as at June 30, 2016.