Yoma operations resume

08 February 2021
Yoma operations resume

Mainboard-listed Yoma Strategic Holdings said yesterday that while political developments in Myanmar "have resulted in intermittent disruption" in some of its businesses, many of its services have resumed operations, including Wave Money, KFC and Kospa, the Straits Times reported.

"The group believes it is still too early to ascertain the longer-term impact of the current political situation on its businesses, and will continue to monitor the situation closely," said chief executive Melvyn Pun.

In a Singapore Exchange filing, the company gave an overview of its activities in the first quarter ended Dec 31. Group revenue was up 0.9 per cent year on year at US$24.8 million (S$33.1 million).