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Yoma Strategic sinks into the red in 3Q with a loss of $4.9 mil on absence of one-off gains and higher expenses

Samantha Chiew
Samantha Chiew2/13/2019 07:29 AM GMT+08  • 2 min read
Yoma Strategic sinks into the red in 3Q with a loss of $4.9 mil on absence of one-off gains and higher expenses
SINGAPORE (Feb 13): Yoma Strategic announced that it has made a loss of $4.9 million in 3Q19, compared to earnings of $16.8 million in 3Q18.
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SINGAPORE (Feb 13): Yoma Strategic announced that it has made a loss of $4.9 million in 3Q19, compared to earnings of $16.8 million in 3Q18.

This brings 9M19 earnings to $5.3 million, 76.9% lower than $23.2 million in 9M18.

Revenue for the quarter was 12.1% higher at $27.0 million from $24.1 million in the previous year, mainly due to higher contribution from the group’s real estate development, real estate services, financial services and consumer segments.

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