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Can Myanmar’s growth lift this company out of the red?

Jude Chan
Jude Chan2/7/2017 05:09 PM GMT+08  • 2 min read
Can Myanmar’s growth lift this company out of the red?
SINGAPORE (Feb 7): CIMB says Singapore Myanmar Investco (SMI) could reverse out of the red in FY18 on the back of growing tourism and foreign investments in Myanmar.
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SINGAPORE (Feb 7): CIMB says Singapore Myanmar Investco (SMI) could reverse out of the red in FY18 on the back of growing tourism and foreign investments in Myanmar.

SMI in 1H17 improved to a core net loss of US$2.6 million ($3.7 million), from core net loss of US$3.8 million in 2H16. According to SMI, this was due to its new travel retail segment.

SMI has inked a 10-year exclusive supply agreement with DFS Group, and has also won a 10-year duty-free retail concession at Yangon International Airport (YIA) for 90% of commercial space at the new terminal.

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