Yoma Strategic Holdings, the builder and developer of properties in Myanmar and China, says the group posted revenue of $5.31 million for 3QFY2010, an increase of 47% compared to $3.61 million recorded in the quarter ended 31 December 2008 (3QFY2009).

Revenue from the group’s construction-related activities remained stable at $3.17 million as compared to $3 million in 3QFY2009. Gross profit and gross profit margin for 3QFY2010 came in at $1.64 million and 31% respectively, compared to $0.6 million and 16.1% in the previous corresponding quarter. The increase was mainly attributable to the completion of a large construction-related project.

Administrative expenses, which formed the main part of the operating expenses under review, rose slightly from $1.07 million to $1.17 million. The group recorded its share of loss of associated company of $0.23 million in 3QFY2010, which was a slight increase compared to its share of loss of $0.14 million reported in the previous corresponding quarter.

As a result, the group incurred a lower net loss of $0.42 million for 3QFY2010, compared to a net loss of $0.51 million for 3QFY2009.