In the quarter to December, revenue rose 16.6% to $27.7 million on the back of higher sales of residences and land development rights as the group started to recognise the revenue from the share of profits on sales of StarCity Zone C.
SINGAPORE (Feb 10): Yoma Strategic reported earnings of $0.3 million for 3QFY17, a 98.7% drop from the earnings of $25.2 million in 3Q16 on lower fair value gain after disposing a partial stake in its telco towers business.
In 3Q16, Yoma recorded a fair value gain of $27.7 million on its 25% investment in edotco Investments Singapore and subsequently reduced its stake to 12.5% that led to a gain on
disposal of $3.43 million in 3Q17.
