Gross profit margin however fell to 35.1% on year from 40.6% in 1Q18, as the previous year’s real estate development revenue comprised mainly share of profits in StarCity Zone C and Zone B with minimal costs.
SINGAPORE (July 24): Yoma Strategic Holdings reported a loss of $15.9 million for 1Q19 compared to earnings of $2.8 million a year ago on higher finance expenses, lower other income, as well as greater share of losses of joint ventures and associated companies.
Revenue for the quarter grew 13.9% to $29.4 million from $25.8 million previously, with high contributions across all three of its core land, F&B and financial services businesses, thus helping to offset a slower performance in Yoma’s motors business.
