Yoma's Q4 profit up 28% at S$8.16m
Singapore
BOOSTED by higher fair-value and bargain-purchase gains on investment properties and acquisitions, Yoma Strategic on Friday posted a 28 per cent year-on-year rise in net profit to S$8.16 million for the fourth quarter ended March 31, 2015. Yoma also announced senior management changes.
The profit attributable to equity-holders also came on the back of higher gross margin. While Q4 revenue was up just 0.1 per cent at S$27.56 million, gross profit was 2.2 per cent higher at S$13 million. Net profit, including S$3.71 million (FY2014: S$1.68 million) for non-controlling interests, was S$11.87 million, up 47.5 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold holds steady as investors focus on US Fed meeting
Singapore shares open in the red on Tuesday; STI down 0.3%
Huawei’s pivotal role in the US-China tech war, from 5G to chips
CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million
Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million
Binance and CZ’s fortunes are set to grow, jail or no jail