Yoma Holdings notes FY24 results, media impact on share price

SGX RegCo questioned the company over unusual share price movements.

Yoma Holdings asserted that it is unaware of any causes behind the recent unusual movements in its share price, which the Singapore Exchange Regulation (SGX RegCo) questioned.

In a bourse filing, the company said its FY2024 results released on 29 May and news, reports, and articles in the media and by brokerage firms in early June could have affected the trading of its shares.

The Myanmar conglomerate’s shares rose after the announcement of its FY24 results.

In FY 2024, the company achieved a profit of US$21.2m, a significant turnaround from the net loss of US$63.3m in FY 2023.

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