YOMA STRATEGIC HOLDINGS
FY2021 ANNUAL GENERAL MEETING 28 JANUARY 2022
MYANMAR'S ECONOMIC OUTLOOK
Myanmar facing a contraction in GDP
10.00% | |||||||||
years | 6.41% | 5.75% | 6.41% | 6.75% | |||||
5.00% | 3.19% | 2.49% | |||||||
previous | |||||||||
0.00% | |||||||||
to | -0.06% | ||||||||
compared | -5.00% | ||||||||
growth | -10.00% | ||||||||
-15.00% | |||||||||
GDP | |||||||||
-20.00% | -17.94% | ||||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021* | 2022* | 2023* |
* forecasted data
Source : IMF data published in October 2021
with lower FDI, now originating mainly from Asia
US$3.79
billion
Source : DICA Myanmar
COVID-19 AND BUSINESS ENVIRONMENT DISRUPTIONS
MYANMAR'S VACCINATION PROGRAMME
- Third wave of COVID-19 in July 2021 with very severe infection rates.
- Nationwide vaccination programmes have begun.
- 38.9 million vaccine doses1 have been administered as of 15 January 2022.
BUSINESS ENVIRONMENT DISRUPTIONS
- Economy continued to be constrained by the short supply of cash.
- Country's GDP declined sharply with the hardest hit sectors being the construction, garments and tourism sectors.
- Access to banking services and availability of credit remained limited.
1 WHO data as of January 2022
Source : WHO Data (Myanmar), Xinhua News
YOMA'S COVID-19 MEASURES
- Activation of COVID-19 measures, including work-from-home arrangements.
- Front line staff continued operations with additional health and safety precautions.
- Provided medical assistance to employees and their families through Telemed services.
- Deployed significant effort on a private vaccination programme for employees and their families.
99% of our employees are vaccinated as of December 2021.
Decline in revenue was mainly driven by:
- Significant impact of COVID-19 and the uncertain operating environment in the country since 1 February 2021.
- Yoma Land remained resilient, while Yoma F&B and Yoma Motors were affected by
KEY FINANCIAL HIGHLIGHTS
KEY INCOME STATEMENT ITEMS
US$million
120 | |||||||
100 | 103.4 | ||||||
80 | |||||||
87.3 | |||||||
60 | |||||||
40 | |||||||
20 | |||||||
0 | |||||||
-20 | -15.7 | ||||||
-40 | -65.7 | ||||||
-60 | |||||||
-80 | Revenue | Net Loss | |||||
12M-Sept2020 | 12M-Sept2021 | ||||||
Smaller losses were mainly driven by:
- Declines in administrative and interest expenses by 15.8% and 3.2%, respectively, year- over-year.
- Higher other income mainly due to the net fair value gains on investment properties.
significant disruptions.
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Yoma Strategic Holdings Ltd. published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 04:15:03 UTC.