On the upside, PhillipCapital analyst Paul Chew notes that Yoma Land’s development revenue rose 81.2% y-o-y in MMK terms, although a 10.4% rise to US$52.9 million was reported due to currency depreciation.
In its 1HFY2025, ended September, results released on Nov 13, Yoma Strategic Holdings (SGX:Z59
) announced that revenue had declined 15% y-o-y to US$111.6 million due to a 55% depreciation in the Myanmar Kyat (MMK).
In local currency terms, revenue would have grown 35% y-o-y, supported by an 81% jump in Yoma Land revenue.
