Yoma Strategic Holdings (SG:Z59) has released an update.
Yoma Strategic Holdings reports mixed financial results for the quarter ending June 2024, with notable revenue growth in local currency terms for its Yoma Land Development and Food & Beverage sectors. However, the company faces headwinds due to Myanmar Kyat’s significant depreciation against the USD, challenging operating conditions, and inflationary pressures. Despite these challenges, the company is focusing on disciplined cost management and reducing leverage while continuing its operations.
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