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Yoma’s 2Q earnings surge to $8.5 mil on higher revenue

Michelle Zhu
Michelle Zhu11/8/2016 08:32 AM GMT+08  • 3 min read
Yoma’s 2Q earnings surge to $8.5 mil on higher revenue
SINGAPORE (Nov 8): Yoma Strategic Holdings, the Myanmar-focused business conglomerate, announced 2Q17 earnings rose more than 28 times to $8.5 million from $0.3 million the year before on higher revenue across all three of its core businesses comprising r
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SINGAPORE (Nov 8): Yoma Strategic Holdings, the Myanmar-focused business conglomerate, announced 2Q17 earnings rose more than 28 times to $8.5 million from $0.3 million the year before on higher revenue across all three of its core businesses comprising real estate, automotive & equipment, and consumer.

Revenue rose 25.2% to $24.9 million from $19.9 million in 2Q16.

The bulk of Yoma’s revenue was mainly due driven by its real estate business, which grew by 25.5% to $15.2 million in 2Q17. This was largely attributable to the sales of residences and land development rights (LDRs) which increased 26.1% to $9.9 million, driven by sales at Pun Hlaing Estate (PHE).

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