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.
Other gains rose by 46.9% y-o-y to US$5.4 million on higher interest income.
Core ebitda surged by 269% y-o-y to US$18.8 million as all businesses contributed positively with sales growth, better margins and a focus on keeping costs efficient.
Loss per share stood at 0.12 US cents, up from 0.39 US cents per share in the same period the year before.
As at Sept 30, cash and cash equivalents stood at US$57.7 million.
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No interim dividend was declared for the period.
As at 4.58pm, shares in Yoma are trading 0.3 cents higher or 3.90% up at 8 cents.
