The fall in real estate sales was mainly due to the group changing its sales strategy for StarCity, following its recent buyback of the development, and by continuing its sales strategy of only launching and selling near-completed units in Pun Hlaing Estate, also in Myanmar.
SINGAPORE (May 30): Yoma Strategic Holdings reported an 85.5% fall in 4Q18 earnings to $3.5 million, compared to $24.08 million a year ago.
This came on the back of a 48.2% drop in revenue to $25.1 million, impacted by reduced income generated from the sale of residences and land development rights (LDRs), which fell the most in the company's breakdown of revenue.
