Revenue grew by 78.6% y-o-y, reaching a record US$220.8 million in FY2024. This was led by Yoma Land as well as its food and beverages segment, with additional growth in the leasing segment. Meanwhile, the consolidation of Wave Money contributed US$52 million to the revenue.
Shares of Yoma Strategic surged as much as 37% after it reported a turnaround for its FY2024. It hit an intra day high of 8.9 cents, from the previous day's close of 6.5 cents, before ending the day at 8.6 cents.
For the year ended March, the Myanmar-based company reported earnings of US$21.2 million ($28.5 million), a turnaround from a net loss of US$63.3 million in the previous year.
