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Yoma Strategic posts 36.4% higher revenue y-o-y for 4Q2023 at US$49.8 mil

Khairani Afifi Noordin
·1-min read

Within its real estate development segment, unrecognised revenue from ongoing projects stood at US$173.4 million as at December.

Yoma Strategic Holdings has posted revenue of US$49.8 million ($66.8 million) for the three months ended December, 36.4% higher than the previous corresponding period at US$36.5 million.

Within its real estate development segment, unrecognised revenue from ongoing projects stood at US$173.4 million as at December 31, compared to the US$65.2 million recorded at end-September.

This revenue is expected to be realised over the next 18 to 24 months as construction progresses.

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Revenue from its leasing business Yoma Fleet increased 31.3% y-o-y, attributed to the expansion of the operating lease and daily rental feels. As at end-December, the segment’s third party assets under management was US$31.2 million, with fleet size of 1,139 vehicles.

Yoma F&B’s restaurants business continued to see y-o-y revenue growth of 33.8% to US$8.7 million. This is due to larger operating platforms that set new records in terms of customer numbers, transaction volumes and system sales at both brands. As at end-December, the company operates 36 KFC and 35 YKKO restaurants.

On Nov 22, 2023, Yoma completed its THB1,700 million guaranteed bond issuance in Thailand. The entire proceeds from the proposed bond issuance have been used for the partial redemption of the existing THB2,220 million bonds maturing on Jan 25, with the remaining balance being paid from operating cash flow and existing cash balances.

 

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