Yoma Strategic's non-real estate business to contribute towards finger licking good outlook

SINGAPORE (June 29): Yoma Strategic Holdings saw revenue from its non-real estate business surge 33% y-o-y to $65.2 million in FY18, accounting for 60% of its total revenue, as compare to 47% of its total revenue in FY17.

The FY18 topline growth for non-real estate business was mainly driven by higher revenue from the group’s consumer, automotive and heavy equipment segments that helped partially offset the slowdown in its real estate sales, which was down 36% y-o-y to $42.6 million.