Yoma Strategic reports 1HFY2023 loss of US$1.3 mil as revenue spikes by 173% y-o-y

Yoma Strategic has reported a loss of US$1.3 million ($1.8 million) for the 1HFY2023 ended Sept 30, up from the loss of US$11.3 million in the corresponding period the year before.

The shallower loss was buoyed by the 173% y-o-y spike in revenue of US$111.6 million, driven by Yoma Land Development and the inclusion of Wave Money, which contributed US$29.1 million. The group also saw revenue growth across the board.