The fair value and impairment losses were offset by a gain on disposal of US$3.6 million in relation to the group’s investment in edotco and a fair value gain of US$1.4 million on the Group’s investment in a private equity fund.
For the FY2020 ended September, Yoma Strategic has reported a net loss of US$60.5 million ($80.9 million), sinking deeper into the red from its US$36.8 million net loss in FY2019.
This was due mainly to net other losses of US$11.6 million compared to gains of US$9.0 million in FY2019. The losses included a fair value loss of US$12.1 million on the group’s investment properties in Myanmar, which were affected by the depreciation of the US dollar (USD) against the Myanmar kyat (MMK) during the period.
